1. Find the list price of a sofa that has a net cost of $285.00 with a 20/10/10 series discount.

2. Determine the final discount date and net payment date for the following table:

Invoice date	Terms	Date Goods Received	Final Discount Date	Net Payment Date
May 14	3/20 ROG	June 2

Invoice Amount	Invoice Date	Terms	Date Invoice Paid	Amount of Discount	Amount Due
$2,500	Jan. 25	4/15 EOM	Feb. 13

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