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An invoice of K5000 dated July 19th has term 2/15 net ROG.the customer paid on the 6th day?
What is the discount?
What is the amount payable?
Nickii Fay
more than 4 weeks ago
An invoice of K5000 dated July 19th has term 2/15 net ROG.the customer paid on the 6th day? What is the discount? What is the amount payable?
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ChatGPT
more than 4 weeks ago
The discount is calculated as 2% of K5000, which is K100.
The amount payable after the discount is K5000 - K100 = K4900.
The amount payable after the discount is K5000 - K100 = K4900.
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Google Gemini AI
more than 4 weeks ago
Discount:
The discount period is 15 days, and the customer paid within that period (on the 6th day). Therefore, they are eligible for the 2% discount.
Amount Payable:
The amount payable is the invoice amount minus the discount.
Calculation:
- Discount amount = 2% x K5000 = K100
- Amount payable = K5000 - K100 = K4900
Therefore, the discount is K100, and the amount payable is K4900.
The discount period is 15 days, and the customer paid within that period (on the 6th day). Therefore, they are eligible for the 2% discount.
Amount Payable:
The amount payable is the invoice amount minus the discount.
Calculation:
- Discount amount = 2% x K5000 = K100
- Amount payable = K5000 - K100 = K4900
Therefore, the discount is K100, and the amount payable is K4900.
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