Calculate the amount of credit you will receive for payment

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Reference no: EM132036895

1. You buy goods with a list price of $4,500 with terms of 6/15, n/45. If the supplier has a policy of allowing a cash discount for partial payments and you pay $3,000 within the discount period, calculate the amount of credit you will receive for this payment.

2. A copy machine cost $2,990, after a discount of 30/12/5. What was the original list price of this machine?

Reference no: EM132036895

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