Question: Merchandise on an invoice dated March 29 has a total billed cost of $1,138.00; terms are 5/15 EOM. The FOB point is Macy's Distribution Center

Merchandise on an invoice dated March 29 has a total billed cost of $1,138.00; terms are 5/15 EOM. The FOB point is Macy's Distribution Center in NYC.

What is the last day on which the cash discount may be taken?

If the bill is paid on May 9, how much should be paid?

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