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Posted by on Wednesday, October 9, 2013 at 2:13pm.

10. Simms Trucking Company received an invoice showing 20 tires at $99.00 each, 16 tires at $120.00 each, and 12 tires at $150.00 each. Shipping terms are FOB shipping point. Freight is $350.00; trade discount is 12/4; and a cash discount of 2/10, n30 is offered. Assuming Simms paid within the discount period, what did Simms pay?

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