How much is paid to discharge the total $5,000 debt

Reference no: EM13205213

An invoice dated April 26 for $5,000 contains sales terms of 3/10,1/15,n/30EOM. On May 10, the retailer wishes to make payment that will discharge one-half of the debt.

a. how much should be remitted on May 10?
b. On May 15, the retailer pays the remaining balance. How much is this second payment?
c. how much is paid to discharge the total $5,000 debt?

Reference no: EM13205213

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