If a Company Purchases $3,200 Worth of Inventory with Terms

question 65

Multiple Choice

If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays March 12, then the amount paid to the seller would be

• A)$3,136
• B)$3,150
• C)$3,168
• D)$3,200

---

Definitions:

Task Progress Report

A document or update that summarizes the current status, achievements, and future plans for a specific task, often used in project management.

Chronological Progress Report

A type of report that outlines the sequence of activities or events over time to track progress on a project or activity.

Third Person

A narrative perspective where the narrator refers to characters by their names or as "he," "she," or "they."

Formal Style

A writing or speaking tone that is precise, impersonal, and usually follows conventional rules of grammar and syntax.