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An invoice for a home furnishings store dated November 7th with trade discounts of 30% and 15% has terms of 2/10, n/30. The invoice reads
An invoice for a home furnishings store dated November 7th with trade discounts of 30% and 15% has terms of 2/10, n/30. The invoice reads as follows:
(a) What is the billed cost? (b) What is the cash discount date? (c) How much should be remitted if the invoice is paid on November 10th (d) How much should be remitted if the invoice is paid on November 28th
Quantity 5 1/2 dozen 3 1/4 dozen 2 3/4 dozen 7 1/2 dozen Item Bath Towels Hand Towels Bed Sheets Pillow Cases List Prices $ $28.00 each $18.00 each $38.00 each $18.00 eachStep by Step Solution
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