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Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $15,841. The seller paid transportation costs of $1,042

Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $15,841. The seller paid transportation costs of $1,042 and issued a credit memorandum for $5,170 prior to payment. What is the amount of the cash discount allowable?

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