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An Invoice for $6,000 Dated September 1 with Terms 2/10

Question 2

Multiple Choice

An invoice for $6,000 dated September 1 with terms 2/10, 1½/20, n/30 is received in the mail on September 3rd. A payment of $3,000 is made on September 12th. What is the outstanding balance?


A) $3,000
B) $2,955
C) $2,940
D) $3,060
E) $3,045

Correct Answer:

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