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A company purchases merchandise for $27,000. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made, and that payment was made
A company purchases merchandise for $27,000. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made, and that payment was made within the discount period, what is the net cost of the merchandise?
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$8,600.
$26,460.
$27,000.
$2,700.
$18,900.
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