Question: Erick recieves an invoice from Home Hardware dated June 1st, 2016 for $1,050 with terms 6/8,2/17,n/30. If Erick pays the invoice in full on June

 Erick recieves an invoice from Home Hardware dated June 1st, 2016

Erick recieves an invoice from Home Hardware dated June 1st, 2016 for $1,050 with terms 6/8,2/17,n/30. If Erick pays the invoice in full on June 26 th 2016 , a. How many days were there between the date of the invoice, and when the invoice was paid? b. How much is the amount of the discount? c. How much was paid? Number of days = Amount of Discount =$ (rounded to the nearest cent) Payment =$ (rounded to the nearest cent)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!