An invoice in the amount of $916 is subject to a trade discount of 10% and credit terms on 3/10, n/30. If the invoice is not paid within the discount period, the amount that would be paid to satisfy the invoice would be

Question

Quizplus · Accepted Answer

The correct answer is A because the trade discount of 10% reduces the invoice amount to $916 - (0.10 * $916) = $824.40. Since the invoice is not paid within the discount period, the full amount of $824.40 would be paid to satisfy the invoice.

An Invoice in the Amount of $916 Is Subject to a Trade