Winthrop Racing owns a car racing team on the East Coast. On May 25, Winthrop purchased $26,750 worth of racing tires for the cars on its team. To get the Winthrop account, the tire manufacturer offered generous terms of 5/15, net 60. The discount applies to any amount paid within the discount period. What is the unpaid balance if Winthrop paid $20,000 on June 5? (This problem involves the partial payment of an invoice within the discount period.)

Question

Winthrop Racing owns a car racing team on the East Coast. On May 25, Winthrop purchased $26,750 worth of racing tires for the cars on its team. To get the Winthrop account, the tire manufacturer offered generous terms of 5/15, net 60. The discount applies to any amount paid within the discount period. What is the unpaid balance if Winthrop paid $20,000 on June 5? (This problem involves the partial payment of an invoice within the discount period.)​

Quizplus · Accepted Answer

The Answer of Winthrop Racing owns a car racing team on the East Coast. On May 25, Winthrop purchased $26,750 worth of racing tires for the cars on its team. To get the Winthrop account, the tire manufacturer offered generous terms of 5/15, net 60. The discount applies to any amount paid within the discount period. What is the unpaid balance if Winthrop paid $20,000 on June 5? (This problem involves the partial payment of an invoice within the discount period.)​

Winthrop Racing Owns a Car Racing Team on the East