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Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
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Question & Answer: Compute the amount to be paid for each of the four separate invoices assuming that all invoices ar…..
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solution:
| amount to be paid = Gross amount * (1-discount %) | ||
| a) | 5000*(1-0.02) | 4,900 |
| b) | 20000*(1-0.01) | 19,800 |
| c) | 75000*(1-0.01) | 74,250 |
| d) | 10000*(1-0.03) | 9,700 |
