Jemco bought goods for $300 on credit.Jemco returned $50 worth of goods.Terms of the sale were 2/10,n/30.If Jemco pays the amount owed within the discount period,what is the amount they should pay?

Question

Quizplus · Accepted Answer

The amount owed after the return is $300 - $50 = $250. 
The discount period is 10 days, so Jemco can take 2% off the amount owed if they pay within 10 days. 
2% of $250 is $5. 
So, the amount Jemco should pay if they pay within the discount period is $250 - $5 = $245. Therefore, the answer is C.

Jemco Bought Goods for $300 on Credit