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Question - A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:

A. $200.

B. $1,564.

C. $1,568.

D. $1,600.

E. $1,800.

Accounting Basics, Accounting

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