Question

In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. Assuming the user took advantage of this offer, how much would be discounted on a $10,000 invoice?

Answer 1

Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

Discounted amount

Using this formula

Discounted amount =Discount rate× Invoice

Let plug in the formula

Discounted amount=2%×$10,000

Discounted amount=$200

Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

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