Mayfair Distributors sent Bed 'n Bath an invoice dated December 23 for $5344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 1 % of the overdue balance.
a) What is the balance after a payment of $3000 on January 3?
b) What additional payment on January 30 will settle the account?

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The Answer of Mayfair Distributors sent Bed 'n Bath an invoice dated December 23 for $5344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 1 % of the overdue balance.
a) What is the balance after a payment of $3000 on January 3?
b) What additional payment on January 30 will settle the account?

Mayfair Distributors Sent Bed 'N Bath an Invoice Dated December