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Company a Sells $500 of Merchandise on Account to Company

Question 27

Multiple Choice

Company A sells $500 of merchandise on account to Company B and offers credit terms of thirty days with a 2% discount if Co.B pays within ten days.If Company B takes advantage of the discount offered, what is the amount Company B will pay?


A) $410.
B) $490.
C) $470.
D) $500.

Correct Answer:

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