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    The Cash Discount Terms for a Purchase Worth $1,000 Made
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The Cash Discount Terms for a Purchase Worth $1,000 Made

Question 209

Question 209

Multiple Choice

The cash discount terms for a purchase worth $1,000 made on August 1 are 3/10,net 30.How much will a buyer have to pay if he or she makes the payment on August 7?


A) $930
B) $30
C) $1,030
D) $1,000
E) $970

Correct Answer:

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