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1 answer:
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Answer:
The right solution is:
(a) $1,940
(b) $2,813
Step-by-step explanation:
Given:
Invoice amount
= $8,400
Discount 1
= 33.33%
Discount 2
= 12.5%
So,
The net payable amount will be:
=
=
= ($)
Now,
(a)
Amount paid will be:
=
= ($)
Balance still to be paid will be:
=
= ($)
(b)
Amount paid will be:
=
=
= ($)
Balance still to be paid will be:
= ($)
Thus the above solution is the appropriate one.