Zinck Furniture Company of Ontario sold K. Daniels a bedroom set for $2,500 plus 8% PST and 5% GST. The furniture originally cost $1,700. Terms of the sale are 1/10, n/30. The date of the sale was May 23 and the date of the payment was June 1.
Required: Determine the amount K. Daniels should pay Zinck Furniture on June 1. Show your computations.

Question

Quizplus · Accepted Answer

The Answer of Zinck Furniture Company of Ontario sold K. Daniels a bedroom set for $2,500 plus 8% PST and 5% GST. The furniture originally cost $1,700. Terms of the sale are 1/10, n/30. The date of the sale was May 23 and the date of the payment was June 1.
Required: Determine the amount K. Daniels should pay Zinck Furniture on June 1. Show your computations.

Zinck Furniture Company of Ontario Sold K