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22 July, 05:44

Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net amount due on the order if the bill is paid by the 15th day

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  1. 22 July, 05:57
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    the terms of the sale are 15/15, n/30 indicates that the sales will include a 15% discount if the payment is finished within 15 days.

    So, The net value of the payment in the 15th day would be:

    $ 19,700 - (15% x $ 19,700)

    = $ 19,700 - $ 2955

    = $ 16,745
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