Question

3. Jones of New York sold a fax machine for $400 to Ron Stationery of Boston. Terms of the sale on July 29 are 2/10 EOM FOB New York. Jones agreed to prepay the freight of $25. Assume Ron pays on September 4. How much will it pay Jones?

Answer 1

$400. Because Jones prepaid the freight and did not pay within the 10 day terms for the 2% discount. Hope this helps :F