Perpetual Inventory - Purchase Discounts Video Lessons

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Problem: If a company sells goods under the terms "3/10, net 45" and the customer sends payment on day 30, how much cash should the customer send the seller? a. 103% of the invoice price b. 100% of the invoice price c. 97% of the invoice price d. 90% of the invoice price e. 55% of the invoice price

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Problem Details

If a company sells goods under the terms "3/10, net 45" and the customer sends payment on day 30, how much cash should the customer send the seller?

a. 103% of the invoice price

b. 100% of the invoice price

c. 97% of the invoice price

d. 90% of the invoice price

e. 55% of the invoice price

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