which-of-the-following-numbers-represents-the-discount-percentage-applied-if-a-customer-pays-within-

Question

Which of the following numbers represents the discount percentage applied if a customer pays within a discount window and credit terms are 3/15, n/60?
A. 3
B. 15
C. 60
D. 3 and 15

Puneet Prajapati · Accepted Answer

Okay, so let us understand the meaning off predict terms. Okay. Followed by that People understand that how these carry terms will be have you given who&#x27;s sending over our medical. So these credit does are laid down by suppliers for a great for attracting immediate gash members. Okay, so there are there is a very popular but they&#x27;re largely now authorities in the dusty That what happens? That&#x27;s a supposed business entity has purchase it almost from one office. Suppliers. No. What happens? Let&#x27;s see the bill off. Raw material waas based for $1000. So, suppliers is that if you will be 10 days, then they will give you 5%. Did this, huh? Otherwise, you will have to pay within 30 days. Maximum. Okay, so what we have here we have this s sales discovered. Okay, See, is discomfort. And this is the This is their days within which if if there then the business entity will be given 5% based in his home. Otherwise, down to d are the business, including will have to pay within two days. Okay, I&#x27;m out of 1000 notes. So that&#x27;s what we have incurring practice. OK, that matches with off solution. Okay, that is choice E in the given gifts. What? What we have. Okay, so it&#x27;s three by 15. So that means it doesn&#x27;t discount percent bait. And this is the initial list. If paired within 15 days, then the business entity will get 3% discount. Okay, so that&#x27;s all for our solution. And joy says the correct answer, okay?

Puneet Prajapati · Answer

okay, so they will understand the meaning of credit. Okay. Refers do the domes laid down by supplier. It refers to the terms laid down by this in front of customers who attract immediate. Okay, So what we have defined, repelled as these are details which are very popular. And Charlie down by supplier, who attacked immediate gash. So I will draw Example. Who? The quick that how credit terms work. Indian life scenario. So let&#x27;s suppose there is mystery. Who is this? Supply it. And they didn&#x27;t. Mr C, Who is that customer? Okay, you know what happens? Mr. In Supplies books over $100. Okay, now what happened? Mr Alonso said to me is to see that if you will pay within five days, then I will give you discount off 2%. Otherwise you will have to pay with Inter Tunis. Okay, so I will debate it again. Okay, Mr a second Mr See that after transferring the goods of 1000 $100 that if you will pay me within five days after delivering the goods, then I will give you 2% cash discount $100. Otherwise you will have to pay within two days at Maxwell. So in given case, let&#x27;s disappoint Mr C. He&#x27;s He&#x27;s out the amount within five days. So what will be the net amount that will be paid? Who? Mr. T. Okay, So what will be them out $100. So Mr C will be eligible for discount to Skull Cooper said, Okay, so 98 dollars will be paid to Mr A. Because 2% discount quickly apply to the payment that thing made. Okay. Now, in the current case, also, how will we define? I will be defined in that amount. Okay. I would find the net amount There is going to fight, you know, amount that is to be paid. And it&#x27;s the customer pays within the discount. How much? How much he would be getting in Followed discount back this 4%. Okay, If that is 4% then God will be the amount that will be paid. Putting supplier that this $100. Okay, so back matches with back. Much has been choice. Be okay. So we have that I have a solution. Will be joys be. So that&#x27;s all forever. Solution. However, you can write what I pretend. So if you get it insult to a choice Beastie

Brandon Fox · Answer

So let&#x27;s check the decimal and the fraction on this case here. Ah, 60% as a decimal would be 60 times 600.1 which moves the decile twice to the left. So you get 0.6. Um, this is gonna be see, So she is a correct answer. And now they&#x27;re down here. Let&#x27;s take 60 and multiply it by one over 100 which would be 60 one hundreds. And if I reduce justified by 10 on top and bottom, Um, I would get 6/10 0 I can keep producing. Divide by two. I get three fists, three fists. I&#x27;m looking here, and I seen d so see in the air, correct.

Brandon Fox · Answer

So let&#x27;s check the decimal first. Good. Take 30 and multiply it by 300.1 which moves the decimal twice to the left. So you get 0.30 or just 0.3 in this case C and let&#x27;s take 30 and multiply it by one over 100 which would be 31 hundreds. And if I divide by 10 on top and bottom, I get three tense and ah, this year is gonna be a so a a and C are correct.

Melissa Lupinacci · Answer

when solving percent equations I like to use the proportion is over of is equal to the percent over 100 toe. Help me self in this problem, I&#x27;m asked. 15 is since it&#x27;s 15 is in. The word is attached to the 15. I&#x27;m going to put the 15 in the numerator of my proportion. So I know I have my 15 in the numerator, and I know on the other side the 100 is going to be in the denominator to figure out the rest of my proportion. I know I want to find 15 is what percent that means we don&#x27;t know. The percent percent is the unknown. So where the percent symbol should go, I&#x27;m going to put the X because that is the unknown. And finally we want to know it&#x27;s what percent of 60. So since the word of is in the denominator below, the word is I&#x27;m going to put the 60 in the denominator below the 15. Now I can cross multiply to solve this proportion. First, I&#x27;m going to do 60 times X, which is 60 X and then I&#x27;m going to cross multiply the other way and do 15 times 100 which is 1500. Now I have a one step equation too soft When solving a one step equation. I ask myself what is happening between the 60 and the X? That is 60 times X. So now I ask myself, What is the inverse operation or opposite Off multiplying by 60 the opposite of multiplying by 60 is dividing, so I&#x27;m going to divide by 60. I can cross off the sixties because 16 60 divided by 60 just makes one. And when I write this, I will write X, and it&#x27;s automatically assumed that it&#x27;s coefficient is one. So now I have X equals. And because of properties of equality, if I divide by 60 on one side, I have to divide by 60 on the other. In 1500 divided by 60 is 25. So now I know that 15 is 25% of 60 and there you go

Lily An · Answer

Okay, so the first thing that we have to do here is to experiment this out. So if we want to go spend this out, we have to multiply the three to the X and the five giving us three X plus fifteen. Find the six. Then we have to think about our like terms, which are the ones with axes in the ones without. So this is a one group. And this is another group. That one is by itself, so we can just rewrite that. But then for here, fifteen minus six can be simplified down tonight, so that will be your final answer.

Problem

If a customer purchases merchandise on credit and…

Problem 3 Easy Difficulty

Which of the following numbers represents the discount percentage applied if a customer pays within a discount window and credit terms are 3/15, n/60?
A. 3
B. 15
C. 60
D. 3 and 15

Answer

Related Courses

Principles of Accounting Volume 1: Financial Accounting

Related Topics

Discussion

Top Educators

Recommended Videos

Watch More Solved Questions in Chapter 6

Video Transcript

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting

What do you need help with?

Textbooks

Ask a question

Courses

AI Tutor

Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting