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Suppose the list price of goods is $1,000 and the trade discount is 20 percent. What is the amount of the discount and what is

Suppose the list price of goods is $1,000 and the trade discount is 20 percent. What is the amount of the discount and what is the net price the wholesaler records as sales?

$20; $1,000
$200; $800
$200; $1,000
$800; $200

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