Question

Jeff purchased​ $550 of goods and received credit terms of​ 5/15, n/30. How much did he pay if payment was made during the discount​ period? (Round any intermediate calculations to the nearest​ cent, and your final answer to the nearest​ dollar.)

Answer 1

Answer:

$522

Explanation:

Calculation to determine How much did he pay if payment was made during the discount​ period

Amount paid =$550-(5%*$550)

Amount paid=$550-$28

Amount paid=$522

Therefore the amount he will he pay if payment was made during the discount​ period is $522