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Billy's Boots Purchased Inventory with an Invoice Price of $5,000

Question 3

Multiple Choice

Billy's Boots purchased inventory with an invoice price of $5,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Billy's Boots pays within the discount period?


A) $5,000.
B) $5,100.
C) $4,800.
D) $4,900.

Correct Answer:

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