https://file.aiquickdraw.com/mathbot/file/1727291874271ktl9lq2f.jpg

Let's analyze the problem in the image.

The Glass MD received an invoice of **$950.50** with terms **2/10, n/30**. This means:
- A **2% discount** is available if payment is made within **10 days** of the invoice date.
- Otherwise, the full amount is due in **30 days**.

The payment of **$450.50** was made on **April 29**, which is within the 10-day window from April 19. Therefore, the 2% discount applies.

### (a) How much credit will be given on the total due?
- Original invoice amount: **$950.50**.
- The discount is **2%** of the invoice amount if paid within 10 days.

Discount amount = $ 950.50 \times \frac{2}{100} = 19.01 $.

So, the credit (discount) on the total due is **$19.01**.

### (b) What is the new balance due?
- The new balance is calculated by subtracting the payment made and the discount from the total invoice.

New balance = $ 950.50 - 450.50 - 19.01 = 480.99 $.

Thus, the new balance due is **$480.99**.

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Would you like further details or clarification on any part of this? 

Here are 5 additional related questions for deeper understanding:
1. What do the terms 1/15, n/45 imply in a similar invoice situation?
2. How would the balance change if the payment was made after 10 days but before 30 days?
3. What happens if the discount is 5% instead of 2%?
4. How would the total balance be affected if a larger payment was made?
5. What if the company missed the 30-day window entirely—what penalties might apply?

**Tip:** Always check the payment date against the terms of an invoice to ensure you're applying any available discounts correctly!

The Glass MD received an invoice for $950.50 with terms 2/10, n/30 on April 19. On April 29, it sent a payment of $450.50. (a) How much credit will be given on the total due? (b) What is the new balance due?

Learn how to calculate the discount on an invoice of $950.50 with terms 2/10, n/30 and a payment of $450.50 made within 10 days. The problem involves determining the credit given and the new balance due, suitable for students in Grades 8-10.

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