Calculate the cash discount and calculate net amount paid

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Reference no: EM133921862

Problem

A business owner ordered customized shopping bags.

Complete the calculations below for a $500 order of customized shopping bags with sales terms of 2/10, 1/15, n/30 if the cost of shipping was $25 (included in the $500). Get the instant assignment help.

The invoice received was dated February 3, marked freight prepay and add, and paid on February 15.

1. Calculate the cash discount.
2. Calculate the net amount paid.

Reference no: EM133921862

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