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A Roofing Products Supply Company Gives Good Customers a Cash

Question 21

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A roofing products supply company gives good customers a cash discount of 2% on any amount that they pay within 10 days of the invoice date. An invoice for $2,590 was written on February 12. The customer paid $1000 on February 18. Compute the amount that company must credit to his customer's account. (This problem involves the partial payment of an invoice within the discount period.)

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100% - 2% ...

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