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On june 5, x-mart purchased $400 of merchandise with terms of 2/10,n/30. If payment is made on june 11, calculate the purchase discount that may be taken by x-mart.

Sagot :

Parrainidn

Based on the amount that X-Mart purchased, and the date they paid, the discount taken would be $8.

How much discount would X-Mart get?

The terms are 2/10,n/30 which means that if X-Mart pays within 10 days, they would get a 2% discount.

They paid on the 11th which is 6 days later so they will get the 2% discount of:

= 2% x 400

= $8

Find out more on trade discounts at https://brainly.com/question/26588985.

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