liyahmo10
liyahmo10 liyahmo10
  • 26-01-2022
  • Mathematics
contestada

Find the amount due on a $300 invoice received on June 3 and paid on June 11 if the sales terms are 3/15, n/30.

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abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 09-02-2022

Based on the information given the amount due on a $300 invoice received on June 3 is $291.

Amount due

Using this formula

Amount due=Invoice amount-(Invoice amount×Sales percentage)

Where:

Invoice amount=$300

Sales percentage=3%

Let plug in the formula

Amount due=$300-($300×3%)

Amount due=$300-$9

Amount due=$291

Inconclusion the amount due on a $300 invoice received on June 3 is $291.

Learn more about amount due here:https://brainly.com/question/5168855

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