business math help

Question

1. On March 11, Jangles Corporation received a $20,000 invoice dated March 8. Cash discount terms were 4/10, n/30. On March 15, Jangles sent an $8,000 partial payment. What is Jangles' outstanding balance? Don't forget to round to use a $ and round to the nearest cent.



2. Find the balance due:
Amount of invoice: $600
Terms: 2/10, 1/15, n/30
Date of invoice: September 30
Paid October 3: $400
Don't forget to use a $ and round to the nearest cent.

Answer 1

 

Answer:     $11,680

 

Solution:  $8,000*4% = $320;

$20,000- $320 = $19680;

$19,680- $8,000 = $11,680