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A business purchased merchandise for $12,000 on account; terms are 2/10, n/30. If $2,000 of...

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Accounting

A business purchased merchandise for $12,000 on account; terms are 2/10, n/30. If $2,000 of the merchandise was returned and the remaining amount due was paid within the discount period, the purchase discount would be:

a. $240

b. $200

c. $1,200

d. $1,000

e. $3,600

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