If a $50,000 sale is made on January 1,with terms of 1/10,n/30,how much would the discount be if payment is made on January 9?

Name: If a $50,000 sale is made on January 1,with terms of 1/10,n/30,how much would the discount be if payment is made on January 9?
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

The terms 1/10, n/30 mean a 1% discount is available if payment is made within 10 days. Since the payment is made on January 9, within the discount period, the discount is 1% of $50,000, which is $500.

If a $50,000 Sale Is Made on January 1,with Terms