Question: I really need help completing and understanding this problem. Very much appreciated. A company purchased $2,700 of merchandise on July 5 with terms 2/10, n/30.

I really need help completing and understanding this problem. Very much appreciated.

A company purchased $2,700 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $295 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals: Multiple Choice $295. (0 $2,351. O $2,357 $2,405. $2,700

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