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A business purchased merchandise for $12,000 on account; terms are 2/10, n/30.

A business purchased merchandise for $12,000 on account; terms are 2/10, n/30. If $2,000 of the merchandise was returned and the remaining amount due was paid within the discount period, the purchase discount would be ____________.

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Purchase Discount: Purchase discount is the lowered price offered to buyers by... View the full answer

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