Question

5. The net price of goods from Computer Land to the Jones LLC

law firm is $28,966.40 for new computers and software. The
invoice was dated May 18 and was paid on June 8. The terms
on the invoice were 2/10, EOM.
a. What was the cash discount?
b. What was the cash price?

Answer 1

a.The cash discount is $579.33.

b. The cash price is $28,387.07