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AmyFischesser
Jan 20, 2008, 09:01 AM
A retailer purchases merchandise with a catalog list price of $10,000. The retailer receives a 25% trade discount and credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period?
A. $10,000
B. $7,500 (this is what I think)
C. $9,800
D. $7,350

Thank you.