Answer:
The actual amount that should be credited is 757.57.
Step-by-step explanation:
Joanne's Dress Shop received an invoice dated July 25 for $1,400 with terms of 2/10, 1/15, n/60.
This means 2% discount on payment within 10 days
1% discount on payment within 15 days
of full payment within 60 days.
Joanne sent a partial payment of $750 on August 8th. that is within 15 days, so she got the discount of 1% on her payment.
Let the actual amount was paid be x
99% of x = 750
[tex]\frac{99}{100}[/tex] x = 750
x = [tex]\frac{750}{0.99}[/tex] = 757.57
The actual amount that should be credited is 757.57.
