of 2 Sales Discounts/ Cash Discounts To prompt early payment from a customer, a business may offer the customer a discount or a price reduction on the amount due on an invoice if the invoice is paid within a certain discount period. You see this type of discounting between businesses. This discount is a specific percentage deducted from the price of the goods. Bills are often due within 30 days (Net 30) from the date of the invoice. The discount percentage and the number of days that credit is granted can be different from those in this handout. These are just examples: 2/10, n/30-2 percent discount given if paid within 10 days of the invoice date or net amount due in 30 days. 3/15, n/30---3 percent discount given if paid within 15 days of the invoice date or net amount due in 30 days. 3/10, 2/15, n/30-3 percent discount given if paid within 10 days. A 2 percent discount will be given if paid within 15 days. Net amount due in 30 days. . n/10, EOM -No discount, and payment due 10 days after the end of the month or EOM. Directions: Read each situation, answer the questions, and complete the necessary calculations! Round to 2 decimal places. of 2 Sales Discounts/ Cash Discounts To prompt early payment from a customer, a business may offer the customer a discount or a price reduction on the amount due on an invoice if the invoice is paid within a certain discount period. You see this type of discounting between businesses. This discount is a specific percentage deducted from the price of the goods. Bills are often due within 30 days (Net 30) from the date of the invoice. The discount percentage and the number of days that credit is granted can be different from those in this handout. These are just examples: 2/10, n/30-2 percent discount given if paid within 10 days of the invoice date or net amount due in 30 days. 3/15, n/30---3 percent discount given if paid within 15 days of the invoice date or net amount due in 30 days. 3/10, 2/15, n/30-3 percent discount given if paid within 10 days. A 2 percent discount will be given if paid within 15 days. Net amount due in 30 days. . n/10, EOM -No discount, and payment due 10 days after the end of the month or EOM. Directions: Read each situation, answer the questions, and complete the necessary calculations! Round to 2 decimal places