A credit sale of $1,900 is made on April 25, terms 2/10, net/30, on which a return of $100 is granted on April 28. What amount is received as payment in full on May 4?
A) $1,764
B) $1,862
C) $1,900 d $1,800

Question

Quizplus · Accepted Answer

The original sale is $1,900, with a $100 return, reducing it to $1,800. The payment is made within the discount period (2/10), so a 2% discount is applied: $1,800 - ($1,800 * 0.02) = $1,764.

A Credit Sale of $1,900 Is Made on April 25