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Goods Totaling $7,000 Purchased February 2 on Terms of 2/10

Question 94

Multiple Choice

Goods totaling $7,000 purchased February 2 on terms of 2/10, n/30 and on which returns of $1,000 were made on February 10 would be subject to which of the following discounts if paid for on February 12?


A) $120
B) $140
C) $160
D) $20

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