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ohaa
3 months ago
6

Ellen co. has offered their customers a 1% discount off the amount owed if they pay within 15 days of receiving their bill. hand

ler company owed ellen co. $2,185 as of may 1st and paid ellen co. on may 7th. how much cash did handler company send to ellen co. on may 7th?
Business
1 answer:
harina [3.8K]3 months ago
3 0
In this scenario, the handler company receives a $21.85 discount (1% of the amount borrowed) for settling their payment within 15 days. Consequently, rather than sending the full sum of $2,185 to Ellen Co., they will only remit $2,163.15, which is $21.85 less than the initial amount due, taking advantage of the 1% discount.
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