ABC Company purchased $10,000 worth of merchandise on credit terms of 2/10, n/30. On the 5th day, the company returned $1,000 worth of merchandise. On the 15th day, the company paid for the remaining balance. What is the amount of the discount that the company is entitled to? What is the total amount paid by the company?

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The detailed answer for the above question is provided below The credit terms of 210 n30 means that ... View the full answer