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A buyer of $ 7 , 9 0 0 in merchandise inventory failed to take advantage of the vendor's credit terms of 3 / 1

A buyer of $7,900 in merchandise inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:

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