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Determine the Amount to Be Paid Within the Discount Period

Question 80

Essay

Determine the amount to be paid within the discount period for purchase with an invoice price of $3,000 plus GST at 5% and credit terms of 2/10, n/30 when $500 (before GST) has already been returned for credit.

Correct Answer:

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$2,575 (($3,000 - $5...

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