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qid 647 · business

Question: On December 10,Shepp'sStore bought a set of camping hotplates from Wilderness Wholesalers for $56.65 minus a trade discount of 10%. The terms offered were (2/10), (n/30). IfShepp'sStore paid the bill on December 20, what was the amount paid?

  1. $50.99
  2. $49.97
  3. $53.98
  4. $1.02
  5. $55.65
  6. $45.32
  7. $48.59
  8. $54.52
  9. $51.65
  10. $56.65

Our answer: B. $49.97 Source quote machine-checked (exact quote)

A machine check confirms the quoted words appear at the source. A person has not yet reviewed these. EARN MARKS as a Human Reviewer

How it was answered

Stored formula / worked method, replayed by code

Trade discount and cash discount sequential net payment problem

card: formula · card sha256 ded8311b420949fd…

Current source

OpenStax Principles of Financial Accounting, 6.3 Merchandise Purchases (Perpetual Inventory)

https://openstax.org/books/principles-financial-accounting/pages/6-3-analyze-and-record-transactions-for-merchandise-purchases-using-the-perpetual-inventory-system

“These credit terms include a discount opportunity (5/10), meaning, CBS has 10 days from the invoice date to pay on their account to receive a 5% discount on their purchase.”

Source quote machine-checked (exact quote)

retrieved 2026-09-18T00:09:51.747Z

page text sha256 4f3665e546bd3018… · content sha256 4a0d23b0010e2d74…

addendum formula_qid647.formula_ADDENDUM_source_rs20260918T000951Z · sha256 ab88914e3204fc9a… · replaces the version below, addendum sha256 558a32744a16f483…

Earlier version (superseded)

https://openstax.org/books/principles-financial-accounting/pages/6-3-analyze-and-record-transactions-for-merchandise-purchases-using-the-perpetual-inventory-system

Source weak (http_get_200_text_and_question_terms)

retrieved 2026-09-17T00:32:12.750Z

page text sha256 0679042ae1ed2888… · content sha256 —

addendum formula_qid647.formula_ADDENDUM_source_relabel_unverified20260917T012453Z · sha256 558a32744a16f483… · replaces the version below, addendum sha256 c4f1da95b4f613a3…

Earlier version (superseded)

https://openstax.org/books/principles-financial-accounting/pages/6-3-analyze-and-record-transactions-for-merchandise-purchases-using-the-perpetual-inventory-system

Source weak (http_get_200_text_and_question_terms)

retrieved 2026-09-17T00:32:12.750Z

page text sha256 0679042ae1ed2888… · content sha256 —

addendum formula_qid647.formula_ADDENDUM_source_bf20260917T003212Z · sha256 c4f1da95b4f613a3… · replaces the version below, addendum sha256 1b445ecf7e4a1292…

Earlier version (superseded)

No public source has been found for this card yet (3 places checked internally).

addendum formula_qid647.formula_ADDENDUM_source · sha256 1b445ecf7e4a1292…

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