The art company sells high-end art supplies to the art students at three regional art and design schools.A company purchases its inventory from a number of suppliers and each supplier offers different purchasing discounts. The manager of company , Hary, is currently comparing two offers for purchasing modeling clay and supplies. The first company offers a chain discount of 20/10/5, and the second company offers a chain discount of 18/12/7 as long as the total purchases are $300 or more.

The company recognizes that students may purchase supplies at the beginning of the term to cover all of their art class needs. Because this could represent a fairly substantial outlay, The company offers discounts to those students who pay sooner than required. Assume that if students buy more than $250 of art supplies in one visit, they may put it on a student account with terms of 2/10, n/30. If a student purchases $250 of supplies on September 16, what amount is due by September 26? How much would the student save by paying early?

Assume that if students buy more than $250 of art supplies in one visit, they may put the charge on a student account with terms of 2/10 EOM. If a student makes the purchase on September 16, on what day does the 2% discount expire? If the purchase is made on September 26, on what day does the 2% discount expire? If you were an art student, which method would you prefer: 2/10, n/30, or 2/10 EOM?

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Terms
# of Days to take the discount
Date on invoice
Final Date to take Discount
Invoice Total
Eligible for discount
Cash Discount %
Cash Discount $
Total Amount Due Sept 26
Amount saved by paying early
Date on Invoice	16-09-2015
Terms	2/10, n/30
No. of days to take advantage of discount
Final Date to Take Discount	26-09-2015
Date on Invoice	16-09-2015
Terms	2/10, EOM
Was the Date on Invoice before 26th?
End of CURRENT Month
Days Past End of the Month
Final Date to Take Discount
Date on Invoice	26-09-2015
Terms	2/10, EOM
Was the Date on Invoice before 26th?
End of NEXT Month
Days Past End of the Month
Final Date to Take Discount