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Mathematics 8 Online
OpenStudy (anonymous):

The net price of goods from Southern Flooring to Jerry’s Carpet Outlet is $34,500. The terms are 8/10 EOM. The date of the invoice is October 5th. If the invoice is paid on October 15, what is the cash price?

OpenStudy (anonymous):

Can you clue me into what 8/10 means? I know EOM is end of month. Does that mean 80% off?

OpenStudy (anonymous):

the 8 means Percent of cash discount. the 10 means Discount available within this many days of date invoice is issued.

OpenStudy (anonymous):

O, the price is 8% off because the due amount was paid within the 10 day period. 34,500 - (34,500 * 0.08) = $31,740

OpenStudy (anonymous):

thank you.

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