Problema Solution
Northwest chemical Company received an invoice for $12,480, dated March 12, with terms of 2/10, n/30. If the invoice is paid March 22, what was the amount due?
Answer provided by our tutors
the last day of the discount period is March 12 + 10 = March 22
12,480*0.98 = $12,230.4
the amount due was $12,230.4.