White's Photography received an e-invoice from Fuji Canada dated February 27 of a leap year. The amount of the invoice is $2,896.77 with terms , 1/30, n/60.
a) What is the last date on which White's is eligible for the 2 % discount?
b) What amount will be required on that date to settle the invoice?
c) Instead of the payment in (b), what amount must be paid on March 29 to settle the invoice?

Question

White's Photography received an e-invoice from Fuji Canada dated February 27 of a leap year. The amount of the invoice is $2,896.77 with terms  , 1/30, n/60.
a) What is the last date on which White's is eligible for the 2  % discount?
b) What amount will be required on that date to settle the invoice?
c) Instead of the payment in (b), what amount must be paid on March 29 to settle the invoice?

Quizplus · Accepted Answer

The Answer of White's Photography received an e-invoice from Fuji Canada dated February 27 of a leap year. The amount of the invoice is $2,896.77 with terms  , 1/30, n/60.
a) What is the last date on which White's is eligible for the 2  % discount?
b) What amount will be required on that date to settle the invoice?
c) Instead of the payment in (b), what amount must be paid on March 29 to settle the invoice?

White's Photography Received an E-Invoice from Fuji Canada Dated February