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24 September, 19:31

Jim bought a new refrigerator for $1,050.00 on February 12. He purchased it from Siemer's Appliances, which gives customers a cash discount of 3/10, n/30. What is the amount due if Jim pays on February 20?

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  1. 24 September, 19:37
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    D

    Step-by-step explanation:

    $1,018.50

    3/10, n30 means take a 3% discount if the bill is paid within 10 days otherwise the net (total) amount is due within 30 days with no discount allowed.

    1050 *.03 = 31.50

    1050 - 31.50 = 1018.50
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