Medeco sold goods for $100 to a charge customer.The customer returned for credit $25 worth of goods.Terms of the sale were 1/10,n/30.If the customer pays the amount owed within the discount period,what is the amount the customer should pay?

Question

Quizplus · Accepted Answer

The customer initially purchased goods worth $100 and returned $25 worth, leaving a balance of $75. With the terms 1/10, n/30, the customer is entitled to a 1% discount if they pay within 10 days. Therefore, the amount payable is 99% of $75, which is $74.25.

Medeco Sold Goods for $100 to a Charge Customer