Determine the amount to be paid within the discount period for purchase with an

Determine the amount to be paid within the discount period for purchase with an invoice priceof $7745 subject to credit terms of 2/10 n/30. Explain how you reached your answer.$ ________Rewrite this answer as approx./not more than 300 words:Discount is calculated as per the credit terms. Here the amount to be paid within the discount period for purchase with an invoice price of $7745 subject to credit terms of 2/10 n/30. This means that if the payment is done within 10 days then 2% discount will be given.Hence discount= Discount % * Invoice price=7745*2%=$154.3Hence Amount to be paid= Invoice price Discount=7745-154=$759