Beckett Co.sold merchandise on account for $10,600,terms 2/10,n/30.Freight charges of $250 were prepaid by the seller and added to the invoice.The customer returned $800 of merchandise before making the payment then paid the invoice within the discount period.What is the amount Beckett Co.received?

Question

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The customer paid the invoice within the discount period, so the company received 2% discount. The amount of discount is $10,600 x 2% = $212. The amount of the payment is $10,600 - $212 = $9,854.