Answer:
The amount of $1,782 would be paid by market
Explanation:
The amount which is to be paid by market if they submit the payment on January 29 is computed as:
Remaining balance = Worth of sold merchandise - Return goods worth
where
Worth of sold merchandise is $2,000
Return goods worth is $200
So,
Remaining balance to be paid = $2,000 - $200
Remaining balance to be paid = $1,800
And the payment is made on January 29, which is within the discount period duration as the duration is of 10 days and if paid within the time period then will be allowed 1% discount on amount.
Therefore,
Amount to be paid = Remaining balance to be paid - (1% on Remaining balance)
= $1,800 - (1% × $1,800)
= $1,800 - $18
Amount to be paid = $1,782
