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What amount is due to reduce the outstanding balance

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Question - Purcell Export received an invoice dated August 21 from Dutch Specialties of Amsterdam with terms 5/20, n/45 for:  10 wood trays at $ 37.45 each; 35 wood planters at $ 43.75 each;50 wood bowls at $ 37.25 each.

Required -

a) What is the amount due if the invoice is paid in full on September 6? Round to the nearest 100th.

b) If only a partial payment is made on the last day of the discount period, what amount is due to reduce the outstanding balance to $ 1500.00? Round to the nearest 100th.

Reference no: EM133067453

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