Solve the problem.
-An invoice received from Royal Exporters totaled $764.30, was dated Oct 4, and offered terms of 3/ 10 ROG. The shipment was received Nov 29. If the invoice was paid on Dec 11, find the amount due.

Question

Quizplus · Accepted Answer

The terms 3/10 ROG mean that a 3% discount is available if the invoice is paid within 10 days after the receipt of goods. Since the goods were received on Nov 29 and the invoice was paid on Dec 11, which is outside the 10-day discount period, the full amount of $764.30 is due.

Solve the Problem. -An Invoice Received from Royal Exporters Totaled $764.30, Was Dated