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.