A company makes a credit sale of $750 on June 13, terms 2/10, n/30, on which it grants a return of$50 on June 16. The amount received as payment in full on June 23 is:
Answer: $686
Explanation
Credit sale of $750
Terms 2/10, net/30
$50 is granted on June 16
= (750-50)x 0.98
= 700 x 0.98
= 686
This question appeared in
Past Papers (2 times)
Account Officer Past Papers, Syllabus, Jobs (1 times)
SPSC Past Papers (1 times)
This question appeared in
Subjects (1 times)
MATHS MCQS (1 times)
Related MCQs
- The Indian National Congress Committee session was held on 14th June 1947, where in 3rd June Plan was accepted _____?
- Which credit rating agency downgraded Pakistan`s outlook to negative from stable in June 2022?
- On 16 June 2023, Pakistan received how much from China?
- On 16 June 2023, Pakistan received $1 billion from which country?
- Pakistan joined SCO as a full member at a summit 9 June 2017 in?
- What was the amount of the IMF loan provided to Pakistan in June 2023?
- In June 2023, Pakistan received first cargo of discounted crude oil from which country?
- Which city received Pakistan's first shipment of Russian crude under discount deal in June 2023?
- From which country State Bank of Pakistan received 2.3 billion US dollar loan in June 2022?
- I have not seen her _______ June.
