The net cost of the goods if Ivanhoe Company pays within the discount period will be $9,996.
2/10 Net 30 refers back to the trade credit presented to a consumer for the sale of products or services. 2/10 net 30 methods that if the quantity due is paid within 10 days, the consumer will revel in a 2% discount. Otherwise, the quantity is due in complete within 30 days.
As per information, 2% of 10,200 is equal to $204. The net cost of goods to be paid will be equal to
$10,200 - $204 = $9,996
Therefore, The net cost of the goods, if Ivanhoe Company pays within the discount period, will be $9,996.
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