Mike returned $300 of merchandise to Secret Trails. His original purchase was $600, with terms 1/10, n/30. If Mike pays the balance of his account after the discount period, how much should he pay? (Round your calculations to the nearest whole dollar.)

Question

Quizplus · Accepted Answer

Mike returned $300, so his remaining balance is $300. Since he pays after the discount period, he does not receive the 1% discount, so he pays the full remaining balance of $300.

Mike Returned $300 of Merchandise to Secret Trails