When Rupert's Sandwich Shop received an invoice from Cozzini for $2,550 worth of boneless hams and turkey breasts, it included the following phrase: 1/10 net 30. If the meat was purchased on September 17 and the shop owner wants to pay the bill on September 30, how much should the owner make the check out for?
What will be an ideal response?
He has to pay the full amount of $2,550, as he has missed the cash discount period of 10 days.
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