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Scarlet Company received an invoice for $67,000.00 that had payment terms of 275 n/30. If it made a partial payment of $15,200.00 during the discount
Scarlet Company received an invoice for $67,000.00 that had payment terms of 275 n/30. If it made a partial payment of $15,200.00 during the discount period, calculate the balance of the invoice. Round to the nearest cent Scarlet Company received an invoice for $6,000 that had payment terms of 3/5 n/30. She made a partial payment of $3,000 during the discount period. a. Calculate the amount credited. Round to the nearest cent b. Calculate the balance on the invoice after the partial payment was made. Round to the nearest cent A Scarlet Company purchases a shipment of clothes for $37,000.00 with discounts of 8.00% and 4.00%. He sells it to a customer at a price which includes 18.00% profit on selling price and overhead expenses of 22.00% on selling price. a. How much did it cost him to purchase the container of clothes? Round to the nearest cent b. What was the selling price of the container of clothes? Round to the nearest cent
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