Rains Company is a furniture retailer. On January 14, 2022, Rains purchased merchandise inventory at a cost of $60,000. Credit terms were 2/10, n/30. The inventory was sold on account for $100,000 on January 21, 2022. Credit terms were 1/10, n/30. The accounts payable was settled on January 23, 2022, and the accounts receivables were settled on January 30, 2022. Which statement is correct?

for ex: the reciprocal of 3/4 is 4/3. it is the opposite.

reciprocal definition:

a mathematical expression or function so related to another that their product is one; the quantity obtained by dividing the number one by a given quantity.

0,0

step-by-step explanation:

answer: 5 17/33 % (to the tenth)

step-by-step explanation:

he guessed: 34.5 pounds

actual weight is 32.7

there for he is off:

34.5 -32.7 = 1.8

32.7 is the 100%

1.8 represents %? of 32.7

therefore:

32.7   - 100%

1.8     -     x%

x= 1.8*100%/32.7% = 18*100%/327%

x=1800%/327%   = (5 165/327)%

to the tenth:

5 17/33 %