Posted by Tammy on .
can someone please help me solve this problem. A store owner buys supplies from a vendor for $8,450. The term of sale are 2/10, n/30. What will be net amount due if the owner pays the bill by the 10th day after he receives the supplies>
A 2% discount can be made if the bill is paid in ten days or less. That would make the amount due $8281.
(I had to look this up with Google to see what 2/10, n/30 means)