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Periodic Inventory - Purchase Discounts
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Periodic Inventory - Purchase Discounts
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4. Merchandising Operations / Periodic Inventory - Purchase Discounts / Problem 3
Problem 3
A company purchases goods worth \$3,500 with terms '5/10 NET 30.' If they pay within the discount period, what is the discount amount?
A
\$175
B
\$70
C
\$350
D
\$105
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