A store owner buys supplies from a vendor for $8,450. The terms of sale are 2/10, n/30. What will be the net amount due if the owner pays the bill by the 10th day after he receives the supplies?

8450 * 0.02 = 169

Subtract 169 from 8450 to find how much the owner will pay before the 10th day.

My answer is 8,281net amount due

To calculate the net amount due, we need to understand the terms of sale: 2/10, n/30.

The first number, 2, represents the discount percentage offered if the bill is paid within a specified period, which is 10 days in this case.

The second number, 10, indicates the number of days within which the discount can be availed.

Therefore, if the store owner pays the bill within the first 10 days, they are eligible for a discount of 2% on the total amount.

Now, let's calculate the discount amount:

Discount = Total amount * Discount percentage
Discount = $8,450 * 2% = $169

Subtracting the discount amount from the total amount will give us the net amount due:

Net Amount Due = Total amount - Discount amount
Net Amount Due = $8,450 - $169 = $8,281

So, if the store owner pays the bill by the 10th day after receiving the supplies, the net amount due will be $8,281.