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Assuming no returns were made and that payment was made

Question - A Company purchases merchandise with a catalog price of $20,500. The company receives a 30% trade discount from the seller. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?

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Accounting Basics: Assuming no returns were made and that payment was made

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