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A buyer of $7,000 in merchandise inventory failed to take advantage of the vendor's credit terms of 2/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:________.
a. 100.
b. 77.
c. 1155.
d. 770.
e. 231.

Respuesta :

segehood

Answer:

$140

Explanation:

Given that

Credit terms is 2/15 n/45

Meaning that 2% discount with 45 days to pay.

Price of merchandise = 7000.

Therefore.

Cash discount = 7000 × 2%

= 7000 × 0.02

= $140.

Thus, by not taking advantage of the cash discount, the buyer lost $140

jisley1

Answer:

b is the correct answer

Explanation:

$140.00

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