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How much cash will be needed to pay

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Question - A retailer purchases merchandise with a catalog list price of $30,000. The retailer receives a 15% trade discount and has credit terms of 2/10, n/30.

How much cash will be needed to pay this invoice within the discount period?

1. $29,400

2. $30,000

3. $24,900

4. $24,990

Reference no: EM132437797

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