What is the net amount due on an invoice where the invoice amount is $2,589 and the terms are 2/10, n/45? Assume the invoice is paid within the discount period.
A) $2,640.78
B) $2,537.22
C) $2,389.28
D) $2,071.20

Question

Quizplus · Accepted Answer

The net amount due is the invoice amount minus the discount. The discount is calculated by taking the percentage (2%) off the invoice amount ($2,589), which is $51.78. So the net amount due is $2,589 - $51.78 = $2,537.22.

What Is the Net Amount Due on an Invoice Where