Question: Mayfair Distributors sent Bed n Bath an invoice dated December 23 for $5344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 11/2

Mayfair Distributors sent Bed ’n Bath an invoice dated December 23 for $5344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 11/2 % of the overdue balance.
a. What is the balance after a payment of $3000 on January?
b. WhatadditionalpaymentonJanuary30willsettletheaccount?

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