Montez Muffins and More is a bakery located in New York. Montez purchases a great deal of flour in bulk from a wholesaler. The wholesaler offers purchase discounts for fast payment. Montez purchased 600 pounds of flour for $100 on May 1, under terms 2/10 n/30.
Determine the amount Montez should pay under the following scenarios:
1. Montez pays the full balance on May 25.
2. Montez pays the full balance on May 10. 3. Montez pays half the balance on May 10 and half on May 25