Question

The owner of Molly's Gift Shop ordered a brass sculpture from The Brass Baron, a distributor of gardening equipment. The invoice she received on March 19 from The Brass Baron read, "2/15, n/30." If she pays the invoice on April 10:________.a. she will get a two percent discount.
b. the price will increase by two percent.
c. she will get no discount.
d. she will get a 15 percent discount.
e. the price will be doubled.

Answer 1

Answer:

c. she will get no discount.

Explanation:

Given that

2/15, n/30

That means if the payment is made within 15 days then 2% discount is given and total credit period allowed is 30 days

As it is mentioned that invoice is received on March 19 and the amount paid on April 10 so the number of days is 22

So there is no discount given as it is exceeded than 15 days