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12345 [234]
2 years ago
5

Lyman Company returned $750 of goods it had purchased from another company. The original invoice was for $4,200, 3/10, n/30. Wha

t is the discount if Lyman pays the balance within the discount period?
Mathematics
1 answer:
Scilla [17]2 years ago
4 0
Calculation: 
<span>3/10   </span><span><span>             3---------></span>3% discount</span><span><span>     
                      10--------></span>the days in the discount period, the company has 10 days to pay the bill in full.</span> 

Therefore

Lyman pays the balance within the discount period

 ($4,200 – $750) x .03 = $103.50

the discount is <span>$103.50</span>

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