Given credit terms of 3/10, n/30 on a sale of $2,000, calculate the sales discount, assuming payment was made within the 10-day time period. $60 $90 $900 $600

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 10Q: If a retailer purchased inventory in the amount of $750, terms 2/10, n/60, returned $30 of the...
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Given credit terms of 3/10, n/30 on a sale of $2,000, calculate the sales discount, assuming payment was made within the
10-day time period.
A) $60
B) $90
C) $900
D) S600
Transcribed Image Text:Given credit terms of 3/10, n/30 on a sale of $2,000, calculate the sales discount, assuming payment was made within the 10-day time period. A) $60 B) $90 C) $900 D) S600
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