Answered: An invoice in the amount of $200…

An invoice in the amount of $200 carries cashterms of “2/10, net 30.” If the buyer takesadvantage of the discount terms, how much willthe buyer pay?a. $100b. $120c. $140d. $160e. $196

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 14MC: A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays...

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Question

An invoice in the amount of $200 carries cash
terms of “2/10, net 30.” If the buyer takes
advantage of the discount terms, how much will
the buyer pay?
a. $100
b. $120
c. $140
d. $160
e. $196

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