[talex10]

Answer: C
Soln:
The total purchases $800 minus discount of 10% minus cheque amount $360 equal $360.
The payment was within the 10 days limit which enable Jasmine to gain discount of $80 for paying on the 9 day of the discount days, i.e Feb 2-11.

Note: Cash payment does not refer to using cash to make payment only. It is the idea of paying for goods and services at the point of transaction.

Cash discount is not always given for prompt payment and can be given any time within the credit limit. e.g 5% cash discount for payment made within 15 days of purchase.

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