On July 1,a Retailer Purchases Merchandise on Account from a Supplier

Multiple Choice

On July 1,a retailer purchases merchandise on account from a supplier for $2,000 terms 2/10,n/30.On July 5,the retailer returns merchandise purchased for $500 for a reduction in the amount owing.On July 8,the retailer pays their account.What is the amount of cash paid by the retailer?

A) $1,500
B) $1,960
C) $1,470
D) $1,970