Question: 10. C7. Partial payment. Julio has a small grocery store. Julio receives an invoice for lunch meats for $288.00 on November 19. Terms are 3/15,

10. C7. Partial payment. Julio has a small grocery store. Julio receives an invoice for lunch meats for $288.00 on November 19. Terms are 3/15, n/30. Julio pays $125.00 on December 1. What credit does Julio receive for this payment? What is the outstanding balance?

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