Credit sale of Tk. 7,500 is made on June 13, terms 2/10, net/30. A return of Tk. 500 is granted on June 16. The amount received as payment in full on June 23 is —
- A) Tk. 7,000
- B) Tk. 6,860
- C) Tk. 6,850
- D) Tk. 6,500
Show answer
Answer: B) Tk. 6,860
Explanation
Tk. 6,860. The return cuts the invoice to 7,500 − 500 = Tk. 7,000. Payment on June 23 is within 10 days of June 13, so the 2% discount applies: 7,000 × 2% = Tk. 140. Amount received = 7,000 − 140 = Tk. 6,860.
Asked in: KGDCL 2021