charming shoppers recieved %1248 for computer supplies, dated september 2, with terms. 2/10,1/15,n/20. a 5% late fee is charged for payment after 30 days.
find the amount if bill is paid :
a) on or before september 8
b) on or between september 14 and 18
c)on or between september 19 and october 2
d)on or after october 3

Question

charming shoppers recieved %1248 for computer supplies, dated september 2, with terms. 2/10,1/15,n/20. a 5% late fee is charged for payment after 30 days. 
find the amount if bill is paid :
a) on or before september 8
b) on or between september 14 and 18
c)on or between september 19 and october 2
d)on or after october 3

mjdennis · Answer

What do you mean by "with terms. 2/10,1/15,n/20"?  
Also is that supposed to be an "n"?

azamoor · Answer

yea it's an n am not sure about anything else

mrnood · Answer

%1248 

what does THAT mean

please check that you have exactly copied the question - it doesn't make much sense the way you posted it...

azamoor · Answer

thats a $ sign sorry

mrnood · Answer

is it 'received an invoice for  $1248 '?

azamoor · Answer

well the question didn't state that

mrnood · Answer

please check that you have exactly copied the question - it doesn't make much sense the way you posted it...

azamoor · Answer

i think it is invoice, but the question did not state that

mrnood · Answer

here is a link to what the discount terms mean - I don't believe that htese terms would be familiar to most people here - so maybe you are studying accounting? http://simplestudies.com/what-do-2-10-n-30-terms-mean.html

azamoor · Answer

business and applied math

mrnood · Answer

so they will get

2% discount if paid with in 10 days
1% if paid with in 15 days
0% if paid within 20 days

+5% surcharge if paid later than 30 days

so work out the time intervals, and apply the adjustments

mrnood · Answer

for instance 
a) means the payment is made in less than 10 days
SO they receive a 2% discount
What is $1248 minus 2%?