A firm purchased goods with a purchase price of $1,000 and credit term
A firm purchased goods with a purchase price of $1,000 and credit terms of 1/10 net 30. The firm paid for these goods on the 5th day after the date of sale. The firm must pay ________ for the goods.
A) $990
B) $900
C) $1,000
D) $1,100
ANSWER
A
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