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What is the value of purchase discount

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Problem - On 1/4/2019 a company purchased merchandise inventory for 16,000 JD on account. On 8/4/2019 the company found defect in merchandise purchased which costing 1,600 JD and sent it back. On 9/4/2019 the company paid the full amount in cash assuming that the sales term was (2/10, n/30). What is the value of purchase discount?

Reference no: EM133000456

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