Question: Recovery Experts ( R E ) specializes i n data recovery from crashed hard drives. The price charged varies based o n the extent o

Recovery Experts (RE) specializes in data recovery from crashed hard drives. The price charged varies based on the extent of damage and the amount of data being recovered. RE offers a10% discount to students and faculty at educational institutions. Consider the following transactions during the month of June.
June 10Lukes hard drive crashes and he sends ittoRE.June 12After initial evaluation, REe-mails Luke to let him know that full data recovery will cost $2,400.June 13Luke informs RE that he would like them to recover the data and that heis a student at UCLA, qualifying him for a10% educational discount and reducing the cost by $240(= $2,40010%).June 16RE performs the work and claims tobe successful in recovering all data. RE asks Luke to pay within 30 days of todays date, offering a2% discount for payment within 10 days.June 19When Luke receives the hard drive, he notices that RE did not successfully recover all data. Approximately 30%of the data has not been recovered and he informs RE.June 20RE reduces the amount Luke owes by30%.June 30Luke pays the amount owed.

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