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An Invoice for $25,000 Dated March 15 with Terms 3/10

Question 52

Multiple Choice

An invoice for $25,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17. A payment of $15,000 is made on March 26. What is the outstanding balance?


A) $9,550.00
B) $9,700.00
C) $10,000.00
D) $10,300.00
E) $9,693.88

Correct Answer:

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