The amount of the cash paid on August 18 equals $1,782.
What is merchandising?
The promotion and sale of goods are referred to as "merchandising." Merchandising is the buying and selling of items.
The discount terms are 1/10, n/30 which indicates a 1% discount if paid within 10 days but the full amount is due otherwise. Since the bill is paid on the tenth day (or sooner), the buyer gets the 1% discount.
The balance due is $2,000 less the returned goods of $200, or $1,800, minus the discount on the net amount.
99% × (2000-200)
99% × 1800 = $1,782.
As a result, cash paid on August 18 equals $1,782.
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