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A buyer of $8,100 in merchandise inventory failed to take advantage of the vendor's credit...

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Accounting

A buyer of $8,100 in merchandise inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:

Multiple Choice

  • $1,215.

  • $100.

  • $243.

  • $810.

  • $81.

Answer & Explanation Solved by verified expert
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