An invoice for computer parts totals $519, including $5.29 for shipping. The terms are 4 / 10, n / 45. If this invoice is paid within 10 days, find the amount paid. The invoice was marked freight prepay and add.

Question

Quizplus · Accepted Answer

To find the amount paid within 10 days, we need to calculate the net amount, which is the total amount minus any applicable discount.

Total amount = $519 
Shipping cost = $5.29 
Freight charge = 0 (marked as prepay and add)

Net amount = $519 - $5.29 - $0 = $513.71

Now, we can apply the discount of 4% since the payment is made within 10 days.

Discount = 4% of $513.71 = $20.55

Amount paid = Net amount - Discount = $513.71 - $20.55 = $493.16

Therefore, the best choice is B, which is $498.45 (rounded to two decimal places).

An Invoice for Computer Parts Totals $519, Including $5