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The company purchased merchandise inventory on with an invoice price of $2,000 and credit terms of 2/15, n/30. Date of purchase on the invoice was

The company purchased merchandise inventory on with an invoice price of $2,000 and credit terms of 2/15, n/30. Date of purchase on the invoice was the 7th of May. What was the net cost of the goods if the company paid for the goods on the 21st of May?

Select one:

a. $2,040

b. $1,940

c. $2,000

d. $1,960

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