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qwelly [4]
1 year ago
7

Complete the following by calculating the cash discount and net amount paid:

Mathematics
1 answer:
Fittoniya [83]1 year ago
5 0

Based on the terms of the invoice, the gross amount on the invoice and the date of payment, the cash discount is $19 and the net amount paid is $931.

<h3 /><h3>What is the cash discount?</h3>

The terms of the invoice are such that if the person pays within 10 days they get a 3% discount. If they pay in 15 days, they get a 2% discount.

The person paid on the 22nd after buying on the 8th so they qualify for the 2% for paying within 15 days.

The cash discount is:

= 2% x 950

= $19

The net amount paid is:

= 950 - 19

= $931

Find out more on cash discounts at brainly.com/question/14883253

#SPJ1

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