You process an order for goods with a list price of $525,000 The invoice is dated March 5, with trade discounts of 12%, 7%, and 2.5%. The invoice has terms of 10/10, 6/20, n/30, EOM Partial payments are accepted.

a. What is the net price to the customer?

b. If a payment of $150,000 is made on March 21, what is the balance left to be paid on the invoice, and what is the last day on which the company can pay the invoice with no penalty?