CHAPTER 11 SG-171 the amount to be paid. Grossman Exercise 4 (LO 1) TRADE DISCOUNT Skirvin Enterprises purchased merchandise with a list price of $800, less a trade discount of 10% Compute Lees 10 tree dieren Met and Exercise 5 (LO 1) CASH DISCOUNT Geisel's Boating Supplies purchased life preservers and other boating equipment for resale costing $1,200, 1. If Geisel makes payment within the discount period, how much will be paid? terms 3/10, 1/60. 2. If the invoice terms were 2/10, n/30, compute the cash discount available to Geisel's if payment is made within the discount period