The owner of store that specializes in birds ordered $200 of Tropican food from Hagen Avicultural Research Institute. On the invoice dated October 18 that Hagen sent to the store owner was written, "3/10, EOM." If the store owner pays the bill in full on November 12, what amount will she have to pay?
A)$147.00
B)$189.00
C)$203.70
D)$200.00
E)$216.30

Question

Quizplus · Accepted Answer

The term "3/10, EOM" means a 3% discount is available if the bill is paid within 10 days after the end of the month. Since the bill is paid on November 12, which is after the discount period, the store owner must pay the full amount of $200.00.

The Owner of Store That Specializes in Birds Ordered $200