An invoice is dated 28 April for $235.00 and is shown with payment terms of 5/10, n/30. If the invoice is paid on 12 May, the amount to pay will be:
A)$223.25.
B)$211.50.
C)$235.00.
D)$230.00.

Question

Quizplus · Accepted Answer

The payment terms 5/10, n/30 mean a 5% discount is available if paid within 10 days. Since the invoice is paid on 12 May, which is beyond the 10-day discount period, the full amount of $235.00 is due.

An Invoice Is Dated 28 April for $235