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A Purchase Invoice Shows 10 Items Priced at £240 Less

Question 6

Multiple Choice

A purchase invoice shows 10 items priced at £240 less trade discount of 20%. A cash discount of
2) 5% is allowed if payment is made within 30 days. Which figure will be entered as a purchase in the books?


A) £2,340
B) £2,400
C) £1,920
D) £1,872

Correct Answer:

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