The jones company buys $1,500 worth of goods from the acme corporation on credit
The jones company buys $1,500 worth of goods from the acme corporation on credit with a provision of 2.5/10, net 30. the jones company desires to get the discount. how much will it have to pay within 10 days to do so?
The '2.5/10' part means a 2.5% discount is available if paid within 10 days. (2.5% = 0.025) Amount of the discount: ($1,500 x 0.025) = $37.50 Amount needed to pay within 10 days is ($1,500 - $37.50) = $1,462.50
hope it helps
wolffee895
5,0(70 marks)
No, she made an error in step 2, she should have found y=0.5
This is the right answer.
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