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Orange co. sells merchandise on credit to zea co. in the amount of $9,000. the invoice is dated on september 15 with terms of 1/15, net 45. what is the amount of the discount, and up to what date must the invoice be paid in order for the buyer to take advantage of the discount?

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hancesoome

I guess the correct answer is $90, September 30

Orange Co. sells merchandise on credit to Zea Co. in the amount of $9,000. The invoice is dated on September 15 with terms of 1/15, net 45. The amount of the discount is $90 and the date must the invoice be paid in order for the buyer to take advantage of the discount is September 30.