A business purchased merchandise for ($ 12,000) on account; terms are (2 / 10, n / 30).

Question:

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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