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Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount

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Answer #1
Merchandise Terms Payment
a. $10,000 2/10, n/60 $9,800
b. $27,500 1/15, EOM $27,225
c. $85,000 1/10, n/30 $84,150
d. $22,500 3/15, n/45 $21,825

working notes :

a. Payment = $10,000 * (100% - 2%)

= $10,000 * 98%

= $9,800

b. Payment = $27,500 * (100% - 1%)

= $27,500 * 99%

= $27,225

c. Payment = $85,000 * (100% - 1%)

= $85,000 * 99%

= $84,150

d. Payment = $22,500 * (100% - 3%)

= $22,500 * 97%

= $21,825

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