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Ring Fencing Company purchases wood in a large quantities and receives trade discounts of 25/10 from their wholesaler. On May 15, Ring purchased lumber having
Ring Fencing Company purchases wood in a large quantities and receives trade discounts of 25/10 from their wholesaler. On May 15, Ring purchased lumber having a list price of $45,000. The terms of the sale were 2/10. n/30. What is the amount of the payments sent on May 25?
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