10. A bank note is discounted at 6% in order to take advantage of the cash...

Transcribed Image Text:

10. A bank note is discounted at 6% in order to take advantage of the cash discount On an invoice for $8,080.00 plus shipping charge of $42.00. The credit terms Are 2/15, n/45. a. What is the cash discount? $_ Calculate the proceeds needed to pay the invoice in full taking advantage Of the cash discount: b. 10. A bank note is discounted at 6% in order to take advantage of the cash discount On an invoice for $8,080.00 plus shipping charge of $42.00. The credit terms Are 2/15, n/45. a. What is the cash discount? $_ Calculate the proceeds needed to pay the invoice in full taking advantage Of the cash discount: b.