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On July 1, a retailer purchases merchandise on account from a supplier for $2,000 terms 3/10, n/30. On July 5, the retailer returns merchandise purchased
On July 1, a retailer purchases merchandise on account from a supplier for $2,000 terms 3/10, n/30. On July 5, the retailer returns merchandise purchased for $500 for a reduction in the amount owing. On July 8, the retailer pays their account. What is the amount of cash paid by the retailer?
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