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Compute the trade discount

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Reference no: EM132721933

Problem - Deering Housewares purchased merchandise for $1,200 less a 10% trade discount with credit terms of 1/10, n/30.

Required -

a. Compute the trade discount.

b. Compute the amount at which to record this purchase.

c. Compute the cash discount if the payment for the merchandise is made within the discount period.

Reference no: EM132721933

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