According to a June 12 invoice, George's Grocery Store owes $11,250 to Crane Food Services. The sales terms are 5/10, 3/15, n/30. Find the cash discount if the invoice is paid on June 26.
$328.75
$337.50
$445.80
$562.50
None of these choices are correct.

$337.50

Step-by-step explanation:

Given that

The amount is $11,250

And, the sales terms are 5/10, 3/15, n/30

5/10 means if the payment is done within 10 days so 5% discount is given

3/15 means if the payment is done within 15 days so 3% discount is given

And, n/30 means the credit days for payment allowed is 30

Now the cash discount if the invoice is paid on June 20 is

= $11,250 × 3%

= $337.50

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )

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