a company is billed $1850 with a cash discount of 5% offered for payment within 10 days. How much could it save?
1 answer:
Answer:
It can save $ 92.5.
Step-by-step explanation:
Total amount of bill is = $1850
Offered discount on the total bill on cash payment with in 10 days = 5% of the bill .
It can save the discount offered on cash payment which is obtained by finding the percentage of total bill
Discount in dollars = 5% of $1850
= 0.05 x 1850
= $92.5
therefore it can save $92.5 of the total bill payment if it is paid with in 10 days of billed date to avail the discount offered.
$ 92.5 is the answer .
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