Marie is looking at an invoice dated July 1st for $1000 that has terms of 2/10;net 30.If she pays the bill on July 3rd how much should she write the cheque for?

Name: Marie is looking at an invoice dated July 1st for $1000 that has terms of 2/10;net 30.If she pays the bill on July 3rd how much should she write the cheque for?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms 2/10; net 30 mean that Marie can take a 2% discount if she pays within 10 days. Paying on July 3rd is within this period, so she can pay $1000 - (2% of $1000) = $980.

Marie Is Looking at an Invoice Dated July 1st for $1000