What is the amount payable on a $450 invoice with a 4% early payment discount if paid within 10 days?

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Prepare for the NOCTI 1288 Travel and Tourism Test. Use flashcards and multiple-choice questions with hints and explanations to ace your exam!

Multiple Choice

What is the amount payable on a $450 invoice with a 4% early payment discount if paid within 10 days?

Explanation:
When an early payment discount applies, you reduce the invoice total by the discount percentage. So 4% of 450 is 450 × 0.04 = 18. Subtracting that from the total gives 450 − 18 = 432. Therefore, the amount payable if paid within 10 days is 432. The other amounts don’t reflect a 4% reduction.

When an early payment discount applies, you reduce the invoice total by the discount percentage. So 4% of 450 is 450 × 0.04 = 18. Subtracting that from the total gives 450 − 18 = 432. Therefore, the amount payable if paid within 10 days is 432. The other amounts don’t reflect a 4% reduction.

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