One example of a Cash Discounts is to receive a 2% discount off of the net price of merchandise if one pays within 10 days (2/10, n30). Based on this scenario, a merchant offers you 2/10, n30 on a $30,000 purchase made on 9/1. a. If you pay your bill on 9/7, how much will you owe? b. If you pay your bill on 9/27, how much will you owe? c. Give a brief explanation in the savings and how this is a good opportunity for both the buyer and the seller? 6. You are a purchasing agent at ABC Inc. You recently made a discounted purchase of $45,000 on a $60,000 item. d. Calculate the percentage discount you received on this purchase. e. Also, show the formula used in your calculation.