Myra's company just purchased $600 worth of supplies from Office Depot. The terms for payment are 2/10 net 30. If Myra's firm pays in the next week, it will pay ___________. If Myra's company waits three weeks to pay Office Depot, it will pay _____________.
A) $600; $630
B) $588; $600
C) $540; $588
D) $540; $600
E) $588; $630

Question

Quizplus · Accepted Answer

If Myra's firm pays within 10 days, they get a 2% discount on $600, which is $12 off, so they pay $588. If they wait three weeks (beyond the 10 days but within 30), there's no discount, so they pay the full $600.

Myra's Company Just Purchased $600 Worth of Supplies from Office