A store owner buys supplies from a vendor for $8,450. The terms of sale are 2/10, n/30. What will be the net amount due if the owner pays the bill by the 10th day after he receives the supplies?

Question

A store owner buys supplies from a vendor for $8,450.  The terms of sale are 2/10, n/30.  What will be the net amount due if the owner pays the bill by the 10th day after he receives the supplies?

Ms. Sue · Answer

8450 * 0.02 = 169 Subtract 169 from 8450 to find how much the owner will pay before the 10th day.

maria · Answer

My answer is 8,281net amount due