Decatron,Inc.purchased $76,500 of parts from a vendor who offered credit terms of 3/15,n/45.If Decatron takes advantage of the discount,the amount paid to the vendor (rounded to the nearest dollar)will be:
A)$74,205
B)$76,500
C)$76,271
D)cannot be determined from the information given

Question

Quizplus · Accepted Answer

Decatron can take advantage of a 3% discount if they pay within 15 days. The discount amount is $76,500 * 0.03 = $2,295. Therefore, the amount paid after taking the discount is $76,500 - $2,295 = $74,205, rounded to the nearest dollar.