A Home Accessories Store Buys Lamps with a Net Price

question 72

Multiple Choice

A home accessories store buys lamps with a net price of $22,600. The terms of sale are 4/15, n/30. If a partial payment of $10,300 is sent to the wholesaler on the discount date, what is the net amount still due?

• A) $21,696.00
• B) $11,870.83
• C) $12,712.00
• D) $11,808.00

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