Kal decides to open a home-based cupcake business. His cost is an initial value of $10 in operating expenses plus $0.25 to make
1 answer:
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The actual amount that should be credited is $757.58.
<u>Solution:</u>
Given that,
2% Discount if paid in 10 days.
1% Discount if paid in 15 days, (but greater that 10 days)
Net due in 60 days.
That is,
will close the acount on days 1-10
will close the acount on days 11-15
And August 8 is Day 15 and falls under the 1% discount rule.
Therefore, we have to divide the partial payment by the complement of the discount rate.
from the balance, and
is due by day 60.
Step-by-step explanation:
Follow PEMDAS
P: Parentheses
E : Exponents
M: Multiplication
D: Division
A: Addition
S: Subtraction
Question 2