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A company purchased inventory worth $10,000 on credit terms of 2/10, n/30. If the company pays within the discount period, calculate the amount they need

ยท A company purchased inventory worth $10,000 on credit terms of 2/10, n/30. If the company pays within the discount period, calculate the amount they need to pay. Also, compute the effective cost of the inventory if they avail the discount. (Assume the company takes the discount)

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