Sarah just received an invoice for $12,000 with terms of 2/10, n/30. The invoice date was June 1
Her contract with the vendor indicates a charge of 1.5 percent per month on late payments.
If
Sarah pays this bill on June 15, she will send the vendor a check for
A) $11,760.
B) $12,000.
C) $12,180.
D) Cannot answer without more information.
B
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