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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 8
Problem 8
ABC Ltd purchases goods worth \$4,000 with terms '6/10 NET 30.' If they pay within the discount period, what is the amount they actually pay?
A
\$3,800
B
\$4,000
C
\$4,240
D
\$3,760
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