Problema Solution
Price Company received an invoice in the amount of $3,800 dated May 24 for merchandise they purchased. The terms of the sale are 3/15, 2/30, n/45. What payment should be made if the invoice is paid on June 20?
Answer provided by our tutors
there are less than 30 but more then 15 days from May 24 till June 20 thus we apply 2/30
3,800 - 0.02*3,800 = 0.98*3800 = $3,724