You receive an invoice for $565.00 with terms 3/10, net 30. If you pay it immediately, how much will you pay?
A. $548.05
B. $551.25
C. $558.05
D. $559.95
3/10, net 30 means the customer gets a 3% discount if paid within 10 days. The payment is due in 30 days.
You receive an invoice for $565.00 with terms 3/10, net 30. If you pay it immediately, how much will you pay?
5.5
To calculate how much you will pay if you pay the invoice immediately, you need to take into account the discount and the terms provided.
The terms stated as 3/10, net 30 mean that you can take advantage of a 3% discount if you pay within 10 days. If you do not take the discount, the full amount is due within 30 days.
To calculate the discounted amount, subtract the discount from the total amount.
Discount = 3/100 * $565.00 = $16.95
Discounted amount = $565.00 - $16.95 = $548.05
Therefore, if you pay the invoice immediately, you will pay $548.05, option A.