Question

Your bill from Acme Supply Company is marked "3/15, net 30." The amount of the bill is $178.95. If you pay the bill within 15 days, how much should you tender?
a.$5.36
b.$5.37
c.$173.58
d.$173.59

please note i'd prefer help on how to do it than a straight up answer.

Answer 1

Answer:

Option C.

Step-by-step explanation:

A bill from Acme Supply Company is marked "3/15, net 30."

This means if the bill is paid within 15 days, there is a 3% discount, otherwise a total amount is due within 30 days.

The amount of the bill = $178.95

After 3% discount = 178.95 - (3% × 178.95)

                              = 178.95 - 5.37

                              = $173.58

Within 15 days you should tender $173.58.

Option C. is the answer.