Merchandise subject to the credit terms 2/10, n/30, FOB shipping point, is sold to a customer on account for $20,125.The seller issued a credit memorandum for $4,600 prior to payment.What is the amount of the cash discount allowable if the payment is made within 10 days of the invoice date?
A) $201.25
B) $248.75
C) $310.50
D) $402.50
Correct Answer:
Verified
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