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For each of the following situation, compute for the amount of discount and the payment made: Purchase date ; August 1 0 List Price -

For each of the following situation, compute for the amount of discount and the payment made:
Purchase date ; August 10
List Price -40,000
Terms 5,000 down, balance 2/10,n30,fob shipping point ,1,000 feeight prepaid
Afcount paid: 50% in august 10 balance in august 15

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