Joanne's Dress Shop received an invoice dated July 25 for $1,400, with terms of 2/10, 1/15, n/60. On August 8, Joanne's Dress shop sent a partial payment of $750. The actual amount that should be credited is

Question

anonymous · Answer

since the payment was made on the 8th - they were entitled to 1% discount.  so the amount of the discount IF payment in full was received should have been $1400-$14 = $1386

anonymous · Answer

so with this, I am thinking that they have lost any applicable discounts and the full payment should be applied to the invoice with the balance of $650 due with 60 dys of 7/25

anonymous · Answer

these were my choices for the answer    a. $765.31   
  b. $765.30   
  c. $757.58   
  d. $757.59   
  e. None of these

anonymous · Answer

I am going to stand by $750 so I would say none of these,

anonymous · Answer

2/10 means 2 % discount if paid within 10 days
1/15 means 1% discount if paid within 15 days
you do not get to apply the discount unless you pay the FULL amount within one of those timeframes