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. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your success in the travel industry with confidence!

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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