Answer:
$337.50
Step-by-step explanation:
Given that
The amount is $11,250
And, the sales terms are 5/10, 3/15, n/30
5/10 means if the payment is done within 10 days so 5% discount is given
3/15 means if the payment is done within 15 days so 3% discount is given
And, n/30 means the credit days for payment allowed is 30
Now the cash discount if the invoice is paid on June 20 is
= $11,250 × 3%
= $337.50
