The owner of Molly's Gift Shop ordered a brass sculpture from The Brass Baron, a distributor of garden whimsy, for $200. The invoice she received from The Brass Baron read, "2/15, n/30," and arrived on March 1. How much will she have to pay if she pays the invoice by March 11?

Question

Quizplus · Accepted Answer

The invoice terms "2/15, n/30" mean a 2% discount is available if paid within 15 days. Paying by March 11 is within 15 days of March 1, so the discount applies: $200 - 2% of $200 = $200 - $4 = $196.

The Owner of Molly's Gift Shop Ordered a Brass Sculpture