An invoice is dated April 28 for $235.00 and is shown with payment terms of 5/10,n/30.If the invoice is paid on May 12,the amount to pay will be:
A) $235.00.
B) $211.50.
C) $223.25.
D) $230.00.

Question

Quizplus · Accepted Answer

The payment terms 5/10, n/30 mean that a 5% discount is available if the invoice is paid within 10 days; otherwise, the net (full) amount is due within 30 days. Since the invoice is paid on May 12, which is beyond the 10-day discount period from April 28, the full amount of $235.00 is due.

An Invoice Is Dated April 28 for $235