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Contractor Jason Barrett Bought $8,750 Worth of Building Materials on August

Question 31

Short Answer

Contractor Jason Barrett bought $8,750 worth of building materials on August 26. The supplier offered a 2.5% cash discount on any amount paid within 7 days. Compute the amount the builder should remit to credit their account for $7,500. (This problem involves the partial payment of an invoice within the discount period.)​

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100% - 2.5% = 97.5%
...

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