Suppose your company receives an invoice for £500,000 on 31 March that says, ‘Settlement discount of 3 per cent if paid within 10 days of date of invoice.’ How much discount would you receive and by what date should you pay the invoice to receive this discount? 

Suppose your company receives an invoice for £100,000 on 31 March that says, ‘Settlement discount of 2 per cent if paid within 15 days of the date of invoice.’ How much discount would you receive and by what date should you pay the invoice to receive this discount?

Answer rating: 100% (QA)

For the first question the company would receive a discount of 1... View the full answer