The answer is
A.
Hope This Helps
Answer:
20/25
Step-by-step explanation:
divide the denominators
25/5=5
multiply the numerator
4*5=20
Answer:
3.75
Step-by-step explanation:
Answer:
C. $824.74, $175.26
Step-by-step explanation:
1) Amount Credited
The formula to calculate the amount credited =
Amount paid ÷ ( 100% - Discount)
Discount is given in the question as 3/10
Where 3 = Discount rate
Amount paid = $800
Amount credited = 800/( 100% - 3%)
= 800/ 97%
= 800/ 0.97
= $824.74
b) Outstanding balance = Invoice - Amount credited
Invoice = $1000
Amount credited = $824.74
Outstanding balance = $1000 - $824.74
= $175.26