Jones Pty Ltd on 15 June sells inventory on account to Bullock Ltd for ($1000,) terms 2/7,

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Jones Pty Ltd on 15 June sells inventory on account to Bullock Ltd for $$1000,$ terms 2/7, n/30. On 20 June Bullock Ltd returns inventory worth $$300$ to Jones Pty Ltd. On 21 June payment is received from Bullock Ltd for the balance due. What is the amount of cash received?

(a) $$700$.

(b) $$680$.

(c) $$686$.

(d) None of the above.

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