bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive:

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08-10-2021
Business

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bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive:

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2021-10-11T12:12:25+02:00

Assuming bucky’s hardware sold merchandise worth $1,200 to a customer, and offered terms of 2/10, n/30. if the customer pays within 10 days, bucky’s hardware will receive: $1,176

Using this formula

Amount received=Merchandise sold-(Merchandise sold ×Discount)

Where:

Merchandise sold =$1,200

Discount=2%

Let plug in the formula

Amount received=$1,200-($1,200×2%)

Amount received=$1,200-$24days

Amount received=$1,176

Inconclusion if the customer pays within 10 days, bucky’s hardware will receive: $1,176

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