Devonshire, Inc. sold merchandise inventory on account at a price of $24,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $20,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire?
A. $23,520
B. $19,600
C. $24,000
D. $20,000
Answer: A
Business
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