The Ski Shop received an invoice for $9600 dated August 11, terms 5/10, 2/30, n/90, for a

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The Ski Shop received an invoice for $9600 dated August 11, terms 5/10, 2/30, n/90, for a shipment of skis. The Ski Shop made two partial payments.
(a) How much was paid on August 20 to reduce the unpaid balance to $7000?
(b) How much was paid on September 10 to reduce the outstanding balance by $3000?
(c) What is the remaining balance on September 10?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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