XYZ Company sold merchandise for $5,000,with payment terms of 2/10,n/30.If the customer pays within the discount period and takes the discount,XYZ will receive:
A)$4,900.
B)$5,000.
C)$3,500.
D)$100.

Name: XYZ Company sold merchandise for $5,000,with payment terms of 2/10,n/30.If the customer pays within the discount period and takes the discount,XYZ will receive: A)$4,900. B)$5,000. C)$3,500. D)$100.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Payment = Amount owed − Discount
= $5,000 − ($5,000 × 0.02)= $5,000 − $100 = $4,900

XYZ Company Sold Merchandise for $5,000,with Payment Terms of 2/10,n/30