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Your bill from Acme Supply Company is marked "3/15, net 30." The amount of the bill is $289.95. If you pay the bill within 15 days, how much should you tender?

$8.70
$87.00
$281.25
$298.95

Respuesta :

289.95* .97

Answer= C. 281.25

Answer:

You should tender $281.25.

Step-by-step explanation:

Your bill from Acme Supply Company is marked "3/15, net 30

There is written "3/15, net 30" on the bill. It means if the bill is paid within 15 days, there is a discount of 3% otherwise the total amount is due within 30 days. Β 

In this question it is clearly given that if you pay the bill within 15 days, it means you are eligible for the discount of 3% of the bill. So we calculate the amount 3% less from the bill

Bill = $289.95 - (298.95 Γ— 0.03)

= 289.95 - 8.6985 = $281.25