Gross invoice (includes freight): $1,000
Freight: $100
Date of invoice: 8/11
Terms: 2/10, 1/15, n/30
Date of payment: 8/23
A) Discount: _______
B) Net price: _______
I need help.

Question

Gross invoice (includes freight): $1,000
Freight: $100
Date of invoice: 8/11
Terms: 2/10, 1/15, n/30
Date of payment: 8/23
A) Discount: _______
B) Net price: _______
I need help.

anwaarullah · Answer

payment days are 13,   8/11 to 8/23. discount for within 10days payment is 20%  and within 15days is 10% and so on so our discount rate would be 26% for 13 days ,,,,, i guess hope done so the question. try it again