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A Convenience Store Received an Invoice of $10 680 on May

Question 146

Essay

A convenience store received an invoice of $10 680 on May 3 with the terms 5/10, 2/15, n/30. What amount will reduce the amount due on the invoice by $7 500.00 if the payment was made on May 20?

Correct Answer:

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Payment on May 20 wi...

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