If an invoice totals $150,000, what is the sales discount if paid within the discount period of "3/15"?

To determine the sales discount for an invoice totaling $150,000 with a discount period of "3/15," it is important to understand what this notation means. The "3/15" indicates a 3% discount is available if the invoice is paid within 15 days.

To calculate the discount, you use the formula for the percentage discount: [

\text{Discount} = \text{Invoice Amount} \times \text{Discount Rate} ]

Here, the invoice amount is $150,000, and the discount rate is 3% (or 0.03 in decimal form):

[ \text{Discount} = 150,000 \times 0.03 = 4,500 ]

Thus, the sales discount if paid within the discount period is $4,500. This answer highlights the importance of applying the correct percentage to the total invoice amount to determine the savings available for early payment.