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3 years ago

An invoice for 450 has terms 2/10, 1/30, n/60. if you pay on the eighth day, how much will you remit

Business

2 answers:

fiasKO [112]3 years ago

8 0

Answer:

$441

Explanation:

The terms 2/10, 1/30, n/60 mean that if you pay within a 10 day period you can get a 2% discount, if you pay within a 20 day period you can get a 1% discount, and if you pay between day 21 and 30, you must pay the full invoice amount. If the client pays later than 30 days, the company will probably charge them a late fee or some interest.

If the invoice was $450 and you pay within 8 days, you will get a 2% discount, and your total payment = $450 x 98% = $441

Ede4ka [16]3 years ago

6 0

This would be your answer 450*. 98=$441

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