Question: The Ski Shop received an invoice for $9600 dated August 11, terms 5/10, 2/30, n/90, for shipment of skis. The Ski Shop made two partial
The Ski Shop received an invoice for $9600 dated August 11, terms 5/10, 2/30, n/90, for shipment of skis. The Ski Shop made two partial payments.
a) How much was paid on August 20 to reduce the unpaid balance to $7000?
b) How much was paid September 10 to reduce the outstanding balance by $3000?
c) What is the remaining balance on September 10?
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