On May 15, Riverwalk Café received a $265 invoice for restaurant supplies. The invoice offered the following terms, "3/14, n/30." If the owner pays the invoice by June 1, she should make her check out for:
A) $185.50
B) $227.90
C) $238.50
D) $257.05
E) $265.00

Question

Quizplus · Accepted Answer

The terms "3/14, n/30" mean a 3% discount is available if paid within 14 days. Since June 1 is beyond 14 days from May 15, no discount applies, and the full amount of $265 is due.

On May 15, Riverwalk Café Received a $265 Invoice for Restaurant