Question
**Please place the correct numbers in the xxxxs below to get the correct answer** 1.) What is the discount, if any, on terms1.5/10 N/30 on
**Please place the correct numbers in the xxxxs below to get the correct answer**
1.) What is the discount, if any, on terms1.5/10 N/30 on a $9,000 invoice? To figure out if there is a discount and what the discount total is fill in the xxxx's with the correct numbers.
*(Price before Discount=xxxx, Discount percent=xxx, Days untill Discounted payment=xxxx, Days until full payment due=xxxx) = Total xxxx*
Price Before Discount = xxxx
Discount Percent = xxxx
Days till Discounted Payment = xxxx
Days till Full Payment is Due = xxxx
Implicit Interest Rate Discount 365 Days
on Trade Credit = ---------------------- x --------------------- x 100% = xxxx
Discounted Days
Price Sooner
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