An invoice dated july 23rd for $2,500 is subject to a chain trade discount of 40/15. credit terms are 5/10, 2/30, n/45. the invoice is paid in full on august 15th. the item is priced with a 60% markup based on selling price. the item is later sold during a sale where the price was markdown by 20%. determine the sale price.

Sale Price  = 80% of Selling price = $2,500

Explanation:

First we'll compute the net price after the trade discounts have been deducted :

i.e. Net price after the trade discounts have been deducted =2500 x 60% x 85% = $1,275.

Now, using the net price after the trade discounts have been deducted  we'll compute Amount submitted in payment of the invoice:

i.e. Amount submitted in payment of the invoice = 1,275 x 98% = $1,250.

Selling price  == = $3,125.

Sale Price  = 80% of Selling price = $2,500

answer; im, thinking it should be (7yrs)///plz check first.good luck