What is the amount of both the credit and the discount amount Reliance should receive?

Anonymous
timer Asked: Feb 21st, 2015

Question Description

Can you help me understand this Mathematics question?

An invoice dated February 9 in the amount of $45,000 is received by Reliance Corporation on February 13. Cash discount terms on the invoice are 2/10, n/30. On February 18, Reliance mails a check in the amount of $9,000 as partial payment on the invoice. What is the amount of both the credit and the discount amount Reliance should receive?

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