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On Jan/13th , firm ABC sold on account $5,000 in merchandise with terms of sale of 2/8; n/eom. If two days after the buyer returned

On Jan/13th , firm ABC sold on account $5,000 in merchandise with terms of sale of 2/8; n/eom. If two days after the buyer returned $3,500 of the merchandise purchased, what is the amount of discount?

a.$50

b.$100

c.$70

d.$30

When is the last day the buyer can pay to receive the discount on the previous question?

a. 01/21st

b. 01/30th

c. 01/31st

d.01/15th

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