Sepaba Ltd. received an invoice dated November 20 from Wallis Specialties of Germany with terms 5/20, n/45 for:
All items are subject to trade discounts of 30%, 10%, 5%.
a) What is the last day of the discount period?
b) What is the amount due if the invoice is paid in full on December 8?
c) If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $1500.00?

Question

Sepaba Ltd. received an invoice dated November 20 from Wallis Specialties of Germany with terms 5/20, n/45 for:
  All items are subject to trade discounts of 30%, 10%, 5%.
a) What is the last day of the discount period?
b) What is the amount due if the invoice is paid in full on December 8?
c) If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $1500.00?

Quizplus · Accepted Answer

The Answer of Sepaba Ltd. received an invoice dated November 20 from Wallis Specialties of Germany with terms 5/20, n/45 for:
  All items are subject to trade discounts of 30%, 10%, 5%.
a) What is the last day of the discount period?
b) What is the amount due if the invoice is paid in full on December 8?
c) If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $1500.00?