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Simmons sold merchandise to Drake for $5,000 with payment terms of 2/10, n/30. Two days later, Drake returned two of the units and received account
Simmons sold merchandise to Drake for $5,000 with payment terms of 2/10, n/30. Two days later, Drake returned two of the units and received account credit in the amount of $2,000. If Drake pays his account in full within ten days of the invoice date, what is the amount of the sales discount?
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