The local zoo buys hay from a supplier with an invoice amount of \( \$ 17,220 \). The terms of the sale are \( 5 / 22, n / 30 \). What is the net amount due on the order if the bill is paid by the 22nd day?

To determine the net amount due on the order if the bill is paid by the 22nd day, let's break down the terms and calculations step by step. ### Understanding the Payment Terms The terms provided are **\( 5 / 22, n / 30 \)**. This can be interpreted as: - **5/22**: A **5% discount** is available if the payment is made within **22 days**. - **n/30**: The **net (full) amount** is due within **30 days** without any discount. ### Calculating the Discount 1. **Invoice Amount**: \( \$17,220 \) 2. **Discount Percentage**: \( 5\% \) \[ \text{Discount} = \frac{5}{100} \times 17,220 = \$861 \] ### Determining the Net Amount Due If the bill is paid by the **22nd day**, the zoo can take advantage of the discount. \[ \text{Net Amount Due} = \text{Invoice Amount} - \text{Discount} \] \[ \text{Net Amount Due} = 17,220 - 861 = \$16,359 \] ### Conclusion By paying within the 22-day discount period, the zoo saves **\$861**, making the **net amount due** **\$16,359**. **Answer:** The net amount due is $16,359 when paid by the 22nd day.