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A retailer sold merchandise for $8,000, terms 2/10, n/30. The buyer was then given credit for $1,000 of merchandise returned. If the invoice is paid
"A retailer sold merchandise for $8,000, terms 2/10, n/30. The buyer was then given credit for $1,000 of merchandise returned. If the invoice is paid within the discount period, what is the amount of cash received by the seller?"
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