A local company received received an invoice dated March 4, with terms 1/10, n/30, amounting to $3856.
They paid the bill March 11. Find the cash discount and net amount paid.
◦ Cash discount: $38.56; net amount: $3817.44
◦ Cash discount: $385.60; net amount: $3470.40
◦ Cash discount: $0; net amount: $3856
◦ Cash discount: $38.56; net amount: $3817.44