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Mathematics, 05.08.2020 14:01 darlinsanchez08com

Melissa, of Melissa's Lawn and Landscaping Service, needs to replace her mowers. She has ordered four new gas mowers, at $499 each, and a negotiated Trade
Discount Rate of 9%, with terms of 2/10 EOM, and FOB Shipping Point. The
seller has agreed to prepay the shipping charge of $80, which is not included in the
invoice amount. The invoice from the manufacturer is dated July 26.
Determine:
A)
By what date does Melissa have to pay in order to be able to take the cash
discount?
B)
What is the payment amount assuming that Melissa pays before the end of
the discount period?

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Answers: 1

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