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

Exercise 167

Solve the following application problems. Round to the nearest cent.
PARTIAL INVOICE PAYMENT An invoice received for Spode china has terms of 3/15-30 x and is dated May 20. The amount of the invoice is $4402.58, and a partial payment of $3250 is made on July 1. Find (a) the credit given for the partial payment __________ and (b) the balance due on the invoice. __________