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A Company Purchased $1,800 of Merchandise on July 5 with Terms

Question 158

Multiple Choice

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 14, it paid the full amount due. The amount of the cash paid on July 14 equals:


A) $200.
B) $1,564.
C) $1,568.
D) $1,600.
E) $1,800.

Correct Answer:

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