Problema Solution
What payment should be made on an invoice for 3400 dated august 7 if the terms are 3/15,2/30, n/45 and the bill is payed september 3
Answer provided by our tutors
August 7 to September 3 is 27 days This is within 2% discount period.
$3,400.00 * 0.02 = $68.00
$3,400.00 - $68.00 = $3,332.00 on September 3.