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Assume the new trade terms of 2 / 1 0 , net 3 0 will increase sales by 2 0 percent because the discount makes

Assume the new trade terms of 2/10, net 30 will increase sales by 20 percent because the discount makes Maddox price competitive. If Maddox earns 16 percent on sales before discounts, what will be the Net change in income? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.)

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