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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