Bara sold 10 items of merchandise with a list price of USD100 each to a customer on normal credit terms of 30 days interest-free credit. Bara offers a 20% trade discount on all such sales. 10 days after the sale the customer paid Bara USD750, which was accepted in full and final settlement of the amount due. USD40 of the amount received is in respect of sales tax collected by Bara on behalf of the tax authority.At what amount should Bara measure revenue from the sale of these items?
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