Question

Jones Company received an invoice for $1,450 dated August 28, terms 2/10 EOM. If paid on October 3 how much would Jones pay?

Answer 1

the last question was within 10 days btw, lol, my bad

Answer 2

oh okay lol thank u

Answer 3

don't laugh but whats EOM?

Answer 4

lol to be honest i dont know >.< lol

Answer 5

end of month

Answer 6

2 percent off 1450 is the answer

Answer 7

oooh now i know what EOM is:D

Answer 8

so i take 2 percent off of 1450?

Answer 9

no the 2 /10 EOM dictates the percent discount you receive if you successfully pay the sale price before 10 days after the end of the month.

Answer 10

got it, thanks :)

in other words, caracupcake, take 98% of 1450

Answer 11

im sorry about this but im confused lol >.<

Answer 12

What are you confused about?

Answer 13

so wud it be 1449.02

Answer 14

1450 * 0.98 = 1421

Answer 15

ooh ok i did -

Answer 16

thank u