Medeco bought goods for $250 on credit. Medeco returned $50 worth of goods. Terms of the sale were 2/10, n/30. If Medeco pays the amount owed within the discount period, what is the amount it should pay?
A. $250
B. $204
C. $196
D. $200

Question

Medeco bought goods for $250 on credit. Medeco returned $50 worth of goods. Terms of the sale were 2/10, n/30. If Medeco pays the amount owed within the discount period, what is the amount it should pay?
  A. $250 	
  B. $204 	
  C. $196 	
  D. $200

tkhunny · Answer

Explain what 2/10 means in this context.

anonymous · Answer

That's what I'm confused on

tkhunny · Answer

How can you be confused?  It's just a definition.

2/10 -- Pay it within 10 days and you get a 2% discount.

anonymous · Answer

Okay.. so then n/30?

tkhunny · Answer

We don't care on this problem.  It just means 30 days or else!

tkhunny · Answer

Okay, where does that leave us.

1) Buy $250 worth of stuff.
2) Return $50 worth of stuff.

How much is now owed?
How much discount can we get if we pay quickly?

anonymous · Answer

why did you report me i was just saying what i thought it would be no need to be rude

tkhunny · Answer

For the record:

1) You were not reported by anyone.
2) You gave only the answer.  This is 100% proscribed in the Code of Conduct.  Don't do it.
3) Your warning was 100% justified and you should learn from it, rather than argue about it.
4) Even if you were reported, there is 0% justification for you reporting someone for giving a legitimate report about you.  This is just retaliatory foolishness.
5) I don't see anything rude, anywhere in this situation, excepting perhaps your response to your legitimate warning.

Please do better.  Let's see if Jake will answer my last question.

anonymous · Answer

50 is owed so we have 200 worth of stuff with a 2% discount

tkhunny · Answer

That's it.  So, what's 98% of 200?