If a company purchases $3,200 worth of inventory with terms of 2/10,n/30 on March 3 and pays April 2,then the amount paid to the seller would be
A)$3,136.
B)$3,150.
C)$3,168.
D)$3,200.

Question

Quizplus · Accepted Answer

The terms 2/10, n/30 mean that the buyer can take a 2% discount if the invoice is paid within 10 days; otherwise, the net (full) amount is due within 30 days. Since the payment was made on April 2, which is beyond the 10-day discount period from March 3, the full amount of $3,200 is due.

If a Company Purchases $3,200 Worth of Inventory with Terms