Handbags that you have purchased for your department are priced at $7.75 each. How much will 10 handbags cost you if:

You pay the invoice within the discount term dates? AND, by what date must the invoice be paid to receive the discount if:

1. The invoice is dated August 9 and terms are listed as 2/10, net 30.

• Cost of the 10 handbags: ________
• Date to pay invoice by: __ _______

2. The invoice is dated August 9, the handbags are received August 12, and the terms are listed as 3/10, E.O.M., net 30

• Cost of the 10 handbags: ___________
• Date to pay invoice by: ___________