Accounting

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Determine the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n30. Explain how you reached your answer.

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    Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of $16,000 and credit terms of 3/10, n/60.
    The merchandise had cost Mesa $16,000.

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