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
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