A company makes a credit sale of $750 on June 13, terms 2/10, n/30, on which it grants a return of$50 on June 16. The amount received as payment in full on June 23 is:
- $650
- $685
- $686
- $700
Explanation
Credit sale of $750
Terms 2/10, net/30
$50 is granted on June 16
= (750-50)x 0.98
= 700 x 0.98
= 686
Related MCQs
- 20,000
- 10,000
- 2,000
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- 20% decrease
- 24% decrease
- 16% increase
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
- 25% decrease
- 20% decrease
- 16.67% decrease
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
