Nickii Fay
May 11
An invoice of K5000 dated July 19th has term 2/5 net ROG. The customer paid on the 6th day? What is the discount? What is net amount payable?
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ChatGPT
May 11
The discount is calculated as 2% of K5000, which is K100.
The net amount payable is the invoice amount minus the discount, which is K5000 - K100 = K4900.
The net amount payable is the invoice amount minus the discount, which is K5000 - K100 = K4900.
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Google Gemini AI
May 11
Discount:
To calculate the discount, we need to know the discount rate, which is 2%. However, the discount is only available if the customer pays within 5 days. Since the customer paid on the 6th day, they are not eligible for the discount.
Therefore, the discount is K0.
Net amount payable:
The net amount payable is the invoice amount minus the discount. Since there is no discount, the net amount payable is:
Net amount payable = Invoice amount - Discount
Net amount payable = K5000 - K0
Net amount payable = K5000
To calculate the discount, we need to know the discount rate, which is 2%. However, the discount is only available if the customer pays within 5 days. Since the customer paid on the 6th day, they are not eligible for the discount.
Therefore, the discount is K0.
Net amount payable:
The net amount payable is the invoice amount minus the discount. Since there is no discount, the net amount payable is:
Net amount payable = Invoice amount - Discount
Net amount payable = K5000 - K0
Net amount payable = K5000
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