Question

A company received an invoice for $3450 dated March 23, terms 2/10.

What payment must be made on March 31 to reduce the debt by $1500?

Answer 1

terms percentage = $\$3450 \times \frac{2}{10} \%$

terms percentage = $\$3450 \times \frac{2}{10 \times 100}=\$6.9$

payment=invoice - debt - terms percentage

=$3450 -$1500-$6.9

=$1943.1