Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 80

DISCOUNTS AT BED BATH BEYOND
Facts:
• 1971: First formed
• 1985: Open first superstore
• 1992: Listed on public stock exchange
• 2010: More than 1000 stores and $7 billion in revenue
Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. His job is to have the right product, in the right amount, at the lowest cost, where and when it's needed. With more than 1000 stores, that is a very tough job! Of course, there are others that work with him in the department.
In early September, Williams placed an order with one vendor for products having a combined list price of $27,393. The vendor offered trade discounts of 20/10/10. The invoice arrived through the computer system the next day. It was dated September 4, had terms of 3/15 EOM, and showed a shipping charge of $748.38. Find the following.
The net payment date_________