Ball Company sells merchandise on account for 2,000 to Edds Company with credit terms of $ 2 / 10, n / 30 $. Edds Company returns 400 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

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The original sale was £2,000. After returning £400 of damaged merchandise, the balance is £1,600. With a 2% discount for early payment, the discount is £32 (2% of £1,600), so the check amount is £1,568 (£1,600 - £32).

Ball Company Sells Merchandise on Account for 2,000 to Edds 2/10,n/30 2 / 10, n / 30 2/10,n/30

Ball Company Sells Merchandise on Account for 2,000 to Edds $2 / 10, n / 30$