QuestionAugust 13, 2025

You purchase 800 worth of office supplies and receive a bill on 12-Nov with 4/10 EOM. What is the amount to be paid if the discount is included? Bill Amount with Discount= [?] When is the discounted payment due? Discount Due Date (Day - Month)=10-[ ]

You purchase 800 worth of office supplies and receive a bill on 12-Nov with 4/10 EOM. What is the amount to be paid if the discount is included? Bill Amount with Discount= [?] When is the discounted payment due? Discount Due Date (Day - Month)=10-[ ]
You purchase 800 worth of office supplies and receive a bill on 12-Nov with 4/10 EOM. What is the amount to be paid if the discount is included? Bill Amount with Discount= [?] When is the discounted payment due? Discount Due Date (Day - Month)=10-[ ]

Solution
4.4(109 votes)

Answer

Bill Amount with Discount = \768 ### Discount Due Date (Day - Month) = 10-Dec Explanation 1. Calculate the discount The discount is 4\% of \800. Calculate it: 0.04 \times 800 = \32. 2. Determine the amount to be paid with discount Subtract the discount from the original amount: 800 - 32 = \768. 3. Determine the discounted payment due date "EOM" means End of Month. The bill is received on 12-Nov, so the end of November is 30-Nov. Add 10 days for the discount period: 30 + 10 = 10-Dec.

Explanation

1. Calculate the discount<br /> The discount is $4\%$ of $\$800$. Calculate it: $0.04 \times 800 = \$32$.<br />2. Determine the amount to be paid with discount<br /> Subtract the discount from the original amount: $800 - 32 = \$768$.<br />3. Determine the discounted payment due date<br /> "EOM" means End of Month. The bill is received on 12-Nov, so the end of November is 30-Nov. Add 10 days for the discount period: $30 + 10 = 10-Dec$.
Click to rate:

Similar Questions