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A retailer receives an invoice dated October 7 for $ 1 2 0 0 with terms 5 1 0 , 2 2 0 , n

A retailer receives an invoice dated October 7 for $1200 with terms 510,220,n30. The retailer wishes to reduce his balance due by $900 within the first cash discount period.
a) Determine the retailer's partial payment on or before October 17.
b) Determine the balance due on October 27 if this retailer makes another partial payment on this date of $200.00.
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