A payment of $500 within the discount period reduced the balance owed on an invoice from $1450.61

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A payment of $500 within the discount period reduced the balance owed on an invoice from $1450.61 to $943.00. What was the discount rate for prompt payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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A payment of $500 within the discount period reduced the balance owed on an invoice from $1450.61 to $943.00. What was the discount rate for prompt payment?
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A payment of $500 within the discount period reduced the balance owed on an invoice from $1450.61

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Business Mathematics In Canada

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