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Today, 08:22

The term of an invoice of $2800 were 2/10, 1/30, n/60. The buyer sent a part payment of $980 within 10 days and the balance due 15 days later. How much cash discount could be taken?

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  1. Today, 11:54
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    Discount on 980

    980*0.02

    =19.6

    the rest

    2,800-980

    =1,820

    Discount on the rest

    1,820*0.01

    =18.2

    Cash discount

    18.2+19.6

    =37.8
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