Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net amount due on the order if the bill is paid by the 15th day
the terms of the sale are 15/15, n/30 indicates that the sales will include a 15% discount if the payment is finished within 15 days. So, The net value of the payment in the 15th day would be: