An invoice of $237.50 is dated April 2,terms 2/10,n/30.If the invoice is paid on April 9,the amount to be paid is:

Question

Quizplus · Accepted Answer

The terms 2/10, n/30 mean that there is a 2% discount if the invoice is paid within 10 days, otherwise the full amount is due within 30 days. 
If the invoice is paid on April 9 (within the discount period), the discount is 2% of $237.50 which is $4.75. Therefore, the amount to be paid is $237.50 - $4.75 = $232.75.

An Invoice of $237