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On October 20, Revere Products purchased lamps from A&L Imports for $7500 with terms of 4/15, n/30. On the last day of discount Revere Products
On October 20, Revere Products purchased lamps from A&L Imports for $7500 with terms of 4/15, n/30. On the last day of discount Revere Products sent in a $3,000 partial payment.
a. What is the last day of discount?
b. How much credit did Revere get for the partial payment?
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