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Elenna [48]
4 years ago
12

The net price of goods from Southern Flooring to Jerry's Carpet Outlet is $34,500. The terms are 8/10 EOM. The date of the invoi

ce is October 5th. If the invoice is paid on October 15, what is the cash price?
Mathematics
1 answer:
Helga [31]4 years ago
7 0
Hi there

8/10 means if you pay the invoice within 10 days you will get a discount for 8%

So the cash price is
34,500−34,500×0.08
=31,740

Hope it helps
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Answer:

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Tiger recognizes that we have here an equation of a straight line. Such an equation is usually written y=mx+b

"y=mx+b" is the formula of a straight line drawn on Cartesian coordinate system in which "y" is the vertical axis and "x" the horizontal axis.

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   Slope     = -4.000/2.000 = -2.000

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