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Grout,IncOffers Terms of 2/10,n/30 to Credit Customers

Question 37

Multiple Choice

Grout,Inc.offers terms of 2/10,n/30 to credit customers.Tile Mart Corp.purchased 100 tile cutters with a list price of $20 each on March 5,2014,on account. Tile Mart Corp.paid the invoice on March 31,2014.How much sales discount will Grout recognize?


A) $ -0-
B) $ 40
C) $ 200
D) $ 236

Correct Answer:

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