ags= autosave\#question 434410622 *Untitled - Notepad File Edit Format View Help A retailer purchases some merchandise with an invoice price of \( \$ 19,500 \) and terms of sale of \( 5 / 15, \mathrm{n} / 45 \). What is the net amount due (in \( \$ \) ) on the order if a partial payment of \( \$ 10,800 \) is made on the 15 th day? (Round your answer to t nearest cent.)

To calculate the net amount due after the partial payment and the early payment discount, we first need to take into account the terms of sale (5/15, n/45). This means a 5% discount is offered if payment is made within 15 days. Since a partial payment of $10,800 is made on the 15th day, the retailer can take the discount on the remaining balance of $19,500. First, find the amount eligible for the discount: Remaining balance after partial payment: \( 19,500 - 10,800 = 8,700 \). Now, apply the 5% discount: Discount amount: \( 8,700 \times 0.05 = 435 \). Subtract the discount from the remaining balance: Net amount due: \( 8,700 - 435 = 8,265 \). So the net amount due is **$8,265.00**.