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A company purchased $3,500 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $385 worth of merchandise. On July 8,

A company purchased $3,500 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $385 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:

Multiple Choice

  • $385.

  • $3,080.

  • $3,084.

  • $3,115.

  • $3,500.

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