A man gets an invoice for $440 with terms 2/10, 1/15, n/30. How much would he...

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A man gets an invoice for $440 with terms 2/10, 1/15, n/30. How much would he pay 7 days after the invoice date? CITO To find the net amount, multiply the net price by the complement of the cash discount rate. Use the following formula Net amount = complement of cash discount ratex net price First, identify the cash discount rate. To find the complement of the cash discount rate, subtract the cash discount rate from the 100%. Second, identify the net price. A man gets an invoice for $440 with terms 2/10, 1/15, n/30. How much would he pay 7 days after the invoice date? CITO To find the net amount, multiply the net price by the complement of the cash discount rate. Use the following formula Net amount = complement of cash discount ratex net price First, identify the cash discount rate. To find the complement of the cash discount rate, subtract the cash discount rate from the 100%. Second, identify the net price.

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The man would pay 43720 7 days after the invoice date The invoice terms 210 11... View the full answer