Company A sells $ ¥ 5,000 $ of merchandise on account to Company B with cre dit terms of $ 2 / 10, n / 30 $. If Company B remits a check taking advantage of the discount offered, what is the amount of Company B's check?

Question

Quizplus · Accepted Answer

The discount terms $ 2/10 $ mean a 2% discount is available if paid within 10 days. $ 2\% $ of $ ¥ 5,000 $ is $ ¥ 100 $, so the discounted amount is $ ¥ 5,000 - ¥ 100 = ¥ 4,900 $.

Company a Sells ¥5,000 ¥ 5,000 ¥5,000 Of Merchandise on Account to Company B with Cre Dit

Company a Sells $¥ 5,000$ Of Merchandise on Account to Company B with Cre Dit