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MMLU-Pro / 165 / Florsheimand Co. accepted a 90-day sight draft for …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Florsheimand Co. accepted a 90-day sight draft for $425.00 on October 10. It was discounted on November 1 at 5%. If their bank charged a (1/3)% collection fee, what were the proceeds?

category

business

options

  1. $418.25
  2. $416.00
  3. $420.00
  4. $419.57
  5. $421.75
  6. $422.50
  7. $414.89
  8. $423.58
  9. $425.00
  10. $417.14

src

stemez-Business

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