The management of Hub Furniture wants to encourage their customers to pay their monthly invoices as soon as possible. Therefore, it announced that a 2 percent reduction in price would be in effect for customers who pay within 7 days of the receipt of the invoice. What percent of customers will earn this discount?
To determine the percentage of customers who will earn the discount, we need to know the payment behavior of the customers. Specifically, we need to know the percentage of customers who pay their invoices within 7 days of receiving them.
Without further information, we cannot determine the exact percentage of customers who will earn the discount. Hub Furniture would need to track and analyze its customers' payment behavior to determine this percentage.