Question

What amount must be remitted if the following invoices, all with terms 4/10, 2/30, n/60, are paid on May 10?

$850 less 20%, 10% dated March 21

$960 less 30%, 16 2/3% dated April 10

$1040 less 33 1/3%, 25%, 5% dated April 30

Answer 1

7896

Answer 2

What amount must be remitted if the following invoices, all with terms 4/10, 2/30, n/60, are paid on May 10?
$850 less 20%, 10% dated March 21
$960 less 30%, 16 2/3% dated April 10
$1040 less 33 1/3%, 25%, 5% dated April 30