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A business had a balance at the bank of $2,500 at the start of the month. During the following month, it paid for materials invoiced
A business had a balance at the bank of $2,500 at the start of the month. During the following month, it paid for materials invoiced at $1,000 less trade discount of 20% and settlement discount of 10%. It received a cheque from a customer in respect of an invoice for $200, subject to settlement discount of 5%. What was the balance at the bank at the end of the month
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