A Credit Sale Of $1,400 Is Made On July 15, Terms 2/10, N/30, On Which A Return Of $100 Is Granted On July 18. What Amount Is Received As Payment In Full On July 24?

We are given the following:
Credit Sale = $1,400
Terms = 2/10, n/30 which means that a discount of 2% is given to customers if the payment is made within 10 days of the date of credit sale made to customer while the full or net amount is due within 30 days.
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https://leaningonline.blogspot.com/2026/03/A-Credit-Sale-Of-1400-Dollars-Is-Made-On-July-15-Terms-2-10-N-30-On-Which-A-Return-Of-100-Dollars-Is-Granted-On-July-18-MCQ-Answer.html

Transcript

1. A Credit Sale Of $1,400 Is Made On July 15, Terms 2/10, N/30, On Which A Return Of $100 Is Granted On July 18. What Amount Is Received As Payment In Full On July 24? a. $1,400 b. $1,274 c. $1,350 d. $1,372