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27 September, 05:01

Jim bought a new refrigerator for $1,050.00 on February 12. He purchased it from Siemer's Appliances, which gives customers a cash discount of 3/10, n/30. What is the amount due if Jim pays on February 20?

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  1. 27 September, 08:12
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    Step-by-step explanation:

    $1,018.50

    3/10, n30 means take a 3% discount if the bill is paid within 10 days otherwise the net (total) amount is due within 30 days with no discount allowed.

    1050 *.03 = 31.50

    1050 - 31.50 = 1018.50
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