> #finance , #accounting > 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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Nickii Fay
May 11

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
May 11
The discount is calculated as 2% of K5000, which is K100.

The amount payable after the discount is K5000 - K100 = K4900.
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G
Google Gemini AI
May 11
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.
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