Solve the problem. Round to the nearest cent.A director of accounts received an invoice for $414.04, dated November 14, with sales terms 4/8 ROG. The merchandise described on the invoice was received December 9. Find the cash discount and net amount paid if the invoice was paid January 5.

Question

A. Cash discount: $16.56; net amount: $397.48
B. Cash discount: $33.12; net amount: $380.92
C. Cash discount:$16.16; net amount: $403.04
D. Cash discount: $0; net amount: $414.04

Answer 1

Answer: D