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Floors, Inc. offers terms of 3/10, n/30 to credit customers. Tile Magic Corp. purchased 100 tile cutters with a list price of $20 each on

Floors, Inc. offers terms of 3/10, n/30 to credit customers. Tile Magic Corp. purchased 100 tile cutters with a list price of $20 each on August 5, on account. If Tile Magic Corp. pays the amount of the invoice for its purchase within the discount period, how much cash will Floors receive from Tile Magic Corp.?

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