Question

Your bill from Acme Supply Company is marked "3/15, net 30." The amount of the bill is $178.95. If you pay the bill within 15 days, how much should you tender?
A little help please?

Answer 1

Answer:

you should tender $173.58

Step-by-step explanation:

Your bill from Acme Supply Company is marked "3/15, net 30"'

We know When "3/15, net 30" is marked on any bill, it means that if the bill is paid within 15 days there is 3% discount, otherwise net pay within 30 days.

In this question it is asked that if you pay the bill within 15 days, so it is clear that you get the discount of 3% on the bill of $178.95.

Therefore we find the value less than 3% of $178.95.

= 3/100 × 178.95

= 0.03 × 178.95 = 5.3685 rounded to $5.37.

Now subtract 3% amount from the bill amount.

= 178.95 - 5.37 = $173.58

If you pay the bill within 15 days, you should tender $173.58

Answer 2

3/15 means if you pay the bill within 15 you will get a discount by 3%
Now solve your question
178.95−(178.95×0.03)
=173.58 be paid