Stacy’s Dress Shop received a $1,100 invoice dated July 13 with 3/10, 2/15, n/60 terms. On July 27, Stacy’s sent a $247 partial payment. (If more than one discount, assume date of last discount.) a. What credit should Stacy’s receive?

Mel’s Dress Shop received an invoice dated July 17 for $1,200, with terms of 2/10, 1/15, n/60. On July 20, Mel’s Dress Shop sent a partial payment of $650. The actual amount that should be credited is a. $637.00 b. $663.00 c. $663.27 d. $663.72 25. A manufacturer of baseball gloves offered chain discounts of 9/6/3 to many of its customers.

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