A furniture store receives an invoice dated Sept. 27 for 5 bedroom sets at $3,000 each. The invoice indicated a trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM. Assuming Mel pays on Nov. 2, what amount would be paid. (Be sure to include the freight cost.)

Question

A furniture store receives an invoice dated Sept. 27 for 5 bedroom sets at $3,000 each.  The invoice indicated a trade discount of 5/8/3.  The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM.  Assuming Mel pays on Nov. 2, what amount would be paid. (Be sure to include the freight cost.)

Henry · Answer

Discount: I don't know what 5/8/3 means.

Ali · Answer

A furniture store receives an invoice dated Sept. 27 for 5 bedroom sets at $3,000 each. The invoice indicated a trade discount of 5/8/3. The seller of the furniture prepaid the freight of $200. Terms were 2/10 EOM. Assuming Mel pays on Nov. 2, what amount would be paid. (Be sure to include the freight cost.)