A business purchased merchandise for 12000 on account terms


A business purchased merchandise for $12,000 on account; terms are 2/10, n/30. If $2,000 of the merchandise was returned and the remaining amount due was paid within the discount period, the purchase discount would be:

a.   $240

b.   $200

c.   $1,200

d.   $1,000

e.   $3,600

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Financial Accounting: A business purchased merchandise for 12000 on account terms
Reference No:- TGS01105784

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