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A high capacity color printer was purchased for $14,000. There is a 40% trade discount and the invoice terms are 2/10 EOM. The invoice is
A high capacity color printer was purchased for $14,000. There is a 40% trade discount and the invoice terms are 2/10 EOM. The invoice is dated August 1 and was paid on August 8. What is the amount to be paid?
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