Solve for the Amount of Discount and Amount Due

question 52

Multiple Choice

Solve for the amount of discount and amount due.
-Invoice amt: $1,515
Invoice date: Nov 27
Terms:
Goods returned: $83 Date paid: Dec 12

• A)Amount of discount: $45.45; amount due: $1,552.55
• B)Amount of discount: $42.96; amount due: $1,389.04
• C)Amount of discount: $0; amount due: $1,432.00
• D)Amount of discount: $45.45; amount due: $1,386.55

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Definitions:

Restriction of Productivity

Limitations or constraints that decrease the efficiency or output of a process, system, or individual's work.

Piece Rate Pay

A compensation system where employees are paid based on the amount of work they complete rather than the hours worked.

Hourly Wage

Compensation paid to an employee based on the number of hours worked.

Variable Pay

A portion of employees’ pay that is based on a measure of performance.