Medeco bought goods for $250 on credit.Medeco returned $50 worth of goods.Terms of the sale were 2/10,n/30.If Medeco pays the amount owed within the discount period,what is the amount they should pay?

Question

Quizplus · Accepted Answer

Medeco bought goods worth $250 and returned $50 worth of goods, so the net amount they owe is $200. They have a 2% discount if they pay within 10 days, which means they can deduct $4 (2% of $200) from the amount owed. Therefore, the amount they should pay within the discount period is $196.

Medeco Bought Goods for $250 on Credit