### Question Description

Outdoor world buys plastic pools from a supplier with an invoice amount of $19,500. The terms of sale are 5/10, n/30. The retailer send an partial payment of $8,700 on the discount date. What is the net amount still due?

## Explanation & Answer

Thank you for the opportunity to help you with your question!

Partial Payment Credit = Partial Payment/ ( 100- discount rate) = 8700 /( 100-5) =8700/95% = 8700/0.95

= 9157.89

balance due = $ 19500 - 9157.89 = **$10,342.11**