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QUESTION
A partial payment of $385 is made on an invoice amount of $900. The partial payment is made within the discount period. The terms on the invoice are...
A partial payment of $385 is made on an invoice amount of $900. The partial payment is made within the discount period. The terms on the invoice are 5/20, n/60. Find the credit allowed for the partial payment.
a) $495.75b)$515c)$405.26d) $404.25