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Exter Co Receives Terms of 2/10, N/30 on All Invoices from from Garn

Question 24

Multiple Choice

Exter Co. receives terms of 2/10, n/30 on all invoices from Garn Industries. On January 15, 2011, Exter purchased items from Garn for $4,200, excluding taxes and shipping costs. What amount would Exter use as the purchase discount if the invoice was paid on January 28, 2011?


A) $ 0
B) $ 84
C) $4,116
D) $4,200

Correct Answer:

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