4) A Company received an invoice dated September 20 for $24,000 less 20%, 15% terms 5/10, 2/30, n/60. The Company made a payment on September 30 to reduce the debt to $12000 and a payment on October 20 to reduce the debt by $3000. (10 marks)a) What amount is the original balance that the company must pay (hint: it is not $24,000). What amount must the Company remit to pay the balance of the debt at the end of the credit period?b) What is the total amount paid by the Company? 6) A product lists for $2120 less 30% , 20%. To meet competition, the product must be reduced to $950.00. What additional percent discount must be allowed? (4 marks)
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