An Invoice Dated March 12 in the Amount of $50,000

Multiple Choice

An invoice dated March 12 in the amount of $50,000 is received by Reliance Corporation on March 16. Cash discount terms on the invoice are 3/10, n/30. On March 16 Reliance mails a check in the amount of $8,000 as partial payment on the invoice. The outstanding balance owed on the invoice is:

A) $8,247.42
B) $41,752.58
C) $8,240.00
D) $41,760.00
E) None of these