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andreyandreev [35.5K]
3 years ago
10

On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the

sales discount be if the payment is received on January 9?
a.$8,750

b.$1750

c.$10,000

d.$26,250
Business
1 answer:
worty [1.4K]3 years ago
6 0

Answer:

b. $1750

Explanation:

Provided that

Sale of the company = $87,500

Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days

The amount of the sales discount would be

= Sale of the company × discount percentage

= $87,500 × 2%

= $1,750

We simply multiplied the sale of the company with the discount percentage so that the sales discount could come

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