Northland community college purchased classroom furniture list priced at $3,785 less series discounts of 5/10/20, with terms of 3/10-20 extra. If the college paidthe invoice within 30 days, find the amount paid.

Answer

The amount to paid =$2510. 5734

Step-by-step explanation

Explanations

First discount =(5% *3785)=$189.25

Amount after first discount= (3785 - 189.25)=$3594.75

Second discount =(10%*3594.75)=$359.475

Amount after second discount =(3594.75-359.475)=$3235. 275

Third discount =(20%*3235.275)=$647. 055

So amount after third discount =(3235. 275-647.055)=$2588.22

So the invoices price =$2588. 22

Again

As per the purchase term the northland Community college entitled for extra 3% discount as they paid there due within 39 days

Therefor discount(rebat) =(3%*2588.22)=$77.6466

Required amount of paid =(2588. 22 - 77.6466)= $2510. 5734

note:

The term 3/10-20extra mean that the buyer will get 3%discout (rebat) if he /she paid the due within 10 days and the facilty broaden for extra periods of 20 days so the facilty is now available for total 30 days

That mean if the buyer paid thier due within 30 days then he /she entitled for 3%discount