HILI S S W vold the payment. ercise 6-4 eulate effect of trade and discounts on payment 1. 3) You have purchased merchandise with a list price of $32,500. Because you are a whole- saler, you are granted a trade discount of 48%. The cash discount terms are 2/EOM, 1/60 How much will you remit if you pay the invoice by the end of the month of purchase? How much will you remit if you do not pay the invoice until the following month? Net sales Merchandise Purchases Purchase di Purchase re cise 6-5