A certain Canadian company received an invoice dated March 20 from their Cambodian supplier for the following shipment of goods that they received on April 1.
The terms of the invoice stated 4/20, n/45 ROG and all items are subject to trade discounts of 15%, 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 April 19?
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 $25 000.00?

Question

A certain Canadian company received an invoice dated March 20 from their Cambodian supplier for the following shipment of goods that they received on April 1.
  The terms of the invoice stated 4/20, n/45 ROG and all items are subject to trade discounts of 15%, 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 April 19?
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 $25 000.00?

Quizplus · Accepted Answer

The Answer of A certain Canadian company received an invoice dated March 20 from their Cambodian supplier for the following shipment of goods that they received on April 1.
  The terms of the invoice stated 4/20, n/45 ROG and all items are subject to trade discounts of 15%, 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 April 19?
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 $25 000.00?

A Certain Canadian Company Received an Invoice Dated March 20