Question

Your bill from Acme Supply Company is marked "2/12, net 30." The amount of the bill is $89.95. If you pay the bill within 12 days, how much should you tender?

Answer 1

Answer:

The amount of payment is $88.151.

Step-by-step explanation:

The amount of bill is $89.95.

It is given that Your bill from Acme Supply Company is marked "2/12, net 30."  

It means if the bill is paid with in 12 days then we get 2% discount, otherwise we have to pay full amount.

It is given that the bill is paid within 12 days. Therefore we will get 2% discount .

$89.95-89.95\times \frac{2}{100}=89.95-1.799=88.151$

Therefore amount of payment is $88.151.

Answer 2

89.95−(89.95×0.02)
=88.151