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Merchandise with an invoice price of $10,000 was purchased subject to terms of 2/10, n/30, FOB destination. Transportation costs paid by the seller totaled $300.
Merchandise with an invoice price of $10,000 was purchased subject to terms of 2/10, n/30, FOB destination. Transportation costs paid by the seller totaled $300. Assuming the invoice was paid within the discount period, what is the purchaser's net cost of the merchandise? a. $9,506 b. $9,800 c. $10,100 d. $10,300
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