Donna Pierce manages a business that distributes imported woolen fabrics. Donna's business offers a 2.5 cash discount on any amount paid within 10 days of the invoice date. On January 28, a client purchased fabrics priced at 14,500 . and on February 1 the client sent in a 10,00 . check. Compute the unpaid balance. (This problem involves the partial payment of an invoice within the discount period.)
Question 2
SXF, Inc had net sales of 450,00 . and net income of 35,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)
