Round your final answer to the nearest cent. Do not round net price equivalent rates or single equivalent discount rates.
Complete the following by calculating the cash discount and net amount paid:
Gross amount of invoice (freight charge already included) | Freight charge | Date of invoice | Terms of invoice | Date of payment | Cash discount | Net amount paid |
$7,000 | $100 | 4/8 | 2/10, n/60 | 4/15 |
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