Question: Use the 30 day method where all months are considered to have 30 days. A retailer purchased a carpet that had a list price of

Use the 30 day method where all months are considered to have 30 days. A retailer purchased a carpet that had a list price of $695 with trade discounts of 30% and 15%. The invoice was dated October 12 with terms of 3/10 net 30. If the invoice was paid on October 20, how much should be remitted? $382.25 $401.12 $312.75 $413.53

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