1. Determine the discount, due date, amount of discount, and net cost for each problem:

Note: The due date is 20 days after the discount date.

Invoice Date	July 16
Terms	3/15 EOM
Date Goods Received	__________
Discount Date
Due Date
Date Invoice was paid	August 19
List Price	$211.49
Amount of Discount
Net Cost

Invoice Date	March 22
Terms	4/10 ROG
Date Goods Received	March 28
Discount Date
Net Payment Date
Date Invoice was paid	April 3
List Price	$421.38
Amount of Discount
Net Cost

• Remember that the net payment date is always 20 days after the discount date.
• If the day on the invoice date is greater than 25, then you must use the month after the following month for EOM.

a_The list price for a camcorder is $399.99. If the series discount is 10/10/5, then determine the net cost

b_The net cost for a dish washing machine is $549.99 with a series discount of 25/10. Determine the list price.