The terms of payment on a $2,365 invoice dated October 25 were 112/15,n/45.112/15,  n/45.

What amount will settle the invoice on November 10? **(Round your answer to the nearest whole dollar.)**

Amount              $

The terms of payment, $112/15, n/45$, mean the following:

- **112/15**: There is a 12% discount if payment is made within 15 days of the invoice date.
- **n/45**: The full payment is due in 45 days, with no discount.

Given the invoice date of **October 25**:

1. **Deadline for 12% Discount**: October 25 + 15 days = **November 9**
   
   - Since November 10 is after November 9, the 12% discount is no longer applicable.

2. **Amount Due on November 10**: Since the discount is missed, the full invoice amount is due.

   Therefore, the amount due on **November 10** is **$2,365**.

So, the answer is:

\[
\text{Amount} = \$2,365
\]

Would you like more details, or do you have any questions?

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Here are 5 related questions for further exploration:

1. What is the amount to be paid if the invoice was settled on November 5?
2. How would the amount differ if the terms were 110/15, n/45 instead?
3. If the payment terms included a penalty for late payment, how would that affect the amount on November 10?
4. How would you calculate the payment if a 2% interest applied monthly on outstanding balances past the 45-day due date?
5. What other payment terms are commonly used in invoicing, and how do they work?

**Tip:** Always review payment terms carefully as early discounts or penalties can significantly impact cash flow.

The terms of payment on a $2,365 invoice dated October 25 were 112/15, n/45. What amount will settle the invoice on November 10? (Round your answer to the nearest whole dollar.)

Learn how to calculate the amount due for a $2,365 invoice with payment terms 112/15, n/45. This detailed solution explains percentage discounts, payment deadlines, and how to determine the full payment on November 10. Suitable for students in Grades 9-12.

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