Calculate the Cash Discount and the Net Amount Due, Rounding

question 104

Short Answer

Calculate the cash discount and the net amount due, rounding to the nearest cent: $\begin{array}{l}\text { Amount of Invoice }&\text {Terms of Sale}& \text {Cash Discount}&\text { Net Amount Due } \\ \$ 2,862.20 \quad 3 / 15, \mathrm{n} / 30 \\\end{array}$

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Definitions:

College Professor

An academic instructor or faculty member who teaches and conducts research at a college or university level.

Recognize

The ability to identify someone or something as being previously known or familiar.

Recall

The ability to remember and retrieve information from memory.

Priming

A psychological phenomenon where exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance or intention.