An invoice for $1261 date Sep 5, terms 2/10, net 30 was paid on Sep 14. How much was paid? Answer to the nearest cent. Do not use commas or $ sign

The invoice has terms **2/10, net 30**, which means the buyer can receive a **2% discount** if they pay within **10 days** of the invoice date. If not, the full amount is due within 30 days.

The invoice date is **September 5**, and payment was made on **September 14**, which is **9 days** after the invoice date. Since this is within the 10-day discount period, the buyer is eligible for the **2% discount**.

### Calculation:
- **Original amount**: 1261
- **Discount**: $ 1261 \times 0.02 = 25.22 $

Now, subtract the discount from the original amount:
\[
1261 - 25.22 = 1235.78
\]

### Answer:
**1235.78**

Would you like more details or have any questions?

Here are 5 related questions:
1. What would be the payment amount if it was paid after 10 days but before 30 days?
2. How would the discount change if the terms were 3/15, net 45?
3. If the invoice amount was different, say $1500, what would the payment be within the discount period?
4. What is the difference between "net 30" and "net 60" terms?
5. How do you calculate the discount if the terms are 1/5, net 10?

**Tip:** Always verify the payment date against the discount period to see if a discount can be applied.

Learn how to calculate the amount paid for an invoice with 2/10, net 30 terms. This example involves a $1261 invoice with payment made within the discount period, allowing a 2% discount. Follow the step-by-step solution to find the final amount paid: $1235.78.

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