Maya, the general manager at Fitness World, received a shipment of new equipment for her gym. The invoice dated March 4, 2017 was for $30,000 with payment terms of 3/10, 2.5/30, n/60. 4% discount if paid within 10days/ 2.5% discount if paid within 30days/ or full amount in 60days.
a) If she made a payment of $10,000 on March 14, 2017, calculate the balance amount on the invoice.
b) What further payment, on April 3, 2017, will reduce the balance to $2,000?
c) If the invoice was settled with a balance payment on May 3, 2017, what was the total payment for the shipment?