Credit sale of Tk. 7,500 is made on June 13, terms 2/10, net/30. A return of Tk. 500 is granted on June 16. The amount received as payment in full on June 23 is —

Answer: B) Tk. 6,860

A) Tk. 7,000
B) Tk. 6,860
C) Tk. 6,850
D) Tk. 6,500

Explanation

Tk. 6,860. The return cuts the invoice to 7,500 − 500 = Tk. 7,000. Payment on June 23 is within 10 days of June 13, so the 2% discount applies: 7,000 × 2% = Tk. 140. Amount received = 7,000 − 140 = Tk. 6,860.

Asked in: KGDCL 2021

Topic: Thermodynamics, Pumps and Compressors

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Credit sale of Tk. 7,500 is made on June 13, terms 2/10, net/30. A return of Tk. 500 is granted on June 16. The amount received as payment in full on June 23 is —

Explanation

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