Web Application Chapter 6 page 231

Searching www.acehardware.com, David Guan discovered a monthly special. With a few clicks of the mouse, he was looking at best buys. It was here that he decided he needed twelve 32-gallon trash cans, specially priced at $8.77 each. So on April 25, he ordered $105.24 worth of trash cans for his business. The invoice terms were 3/5, 2/10, 1/15, n/30.

1. If he paid the invoice on May 8, how much did he pay?

   Your turn to order. Search the same site Guan did and order twelve of a monthly special item that is listed under best buys. Assume also that your order is dated April 25 with the same terms and that you pay the invoice on May 2.

2. What is the amount of cash discount on your order?

3. How much must you pay?

Show all your work and include the item and price of the monthly special that you decide on along with the date.

© Copyright 2000 Addison Wesley Longman, Inc.