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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 46
Solve the following application problems. Round to the nearest cent.
CANADIAN FOOD PRODUCTS Vanitha Evans, a wholesaler of Canadian food products, offers terms of 4/15-40 ex. to encourage sales. In a recent order, a retailer purchased $9864.18 worth of Canadian foods and was offered the above terms. If the invoice was dated March 10, find (a) the final date on which the cash discount may be taken __________ and (b) the amount paid if the discount was earned.__________
CANADIAN FOOD PRODUCTS Vanitha Evans, a wholesaler of Canadian food products, offers terms of 4/15-40 ex. to encourage sales. In a recent order, a retailer purchased $9864.18 worth of Canadian foods and was offered the above terms. If the invoice was dated March 10, find (a) the final date on which the cash discount may be taken __________ and (b) the amount paid if the discount was earned.__________
Explanation
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Cash discounts are offered by sellers to...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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