‚Äča small retailer buys goods from a vendor with an invoice amount of $9,100. the

Algebra
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a small retailer buys goods from a vendor with an invoice amount of $9,100. the terms of sale are 2/10, n/30.what is the net amount due on the goods if the bill is paid by 10th days?

Jun 20th, 2015

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

invoice amount=$9100

sn=a1(1-R^N)/1-R

terms sn=a1(1-10^10)/1-10 

2/10(1-100)/-9

1/5(-99)/-9

1/5(11)

11/5

2.2*9100= $20020    


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Jun 20th, 2015

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