A credit sale of $3,800 is made on April 25, terms 2/10, net/30, on which a return of $200 is granted on April 28.What amount will be received as payment in full if collected on May 4?
A)$3,528
B)$3,724
C)$3,800

Question

Quizplus · Accepted Answer

The original sale was $3,800, with a $200 return, reducing it to $3,600. The payment is made within the discount period (2/10), so a 2% discount is applied: $3,600 - ($3,600 * 0.02) = $3,528.

A Credit Sale of $3,800 Is Made on April 25