Goods costing $2,300 are purchased on account on July 15 with credit terms of 2/10, n/30. ?

2 Answers

  • Spike
    Lv 7
    2 months ago

    Wow that is a lot on the amount of stuff you purchased. Did you need every single one of the stuff you brought. But IF you can't pay the full amount at once. At least pay the minimal or a little more then the minimal that on the bill.

  • 2 months ago

    If paid by July 25 (10 days) you can deduct 2% of $2,300.   If not, the full amount is due in 30 days or Aug. 15th ( 30 days).

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