Multiple Choice
A company purchases merchandise with a catalog price of $20,000. The company receives a 35% trade discount from the seller. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
A) $19,600.
B) $13,000.
C) $13,720.
D) $6,860.
E) $12,740.
Correct Answer:
Verified
Correct Answer:
Verified
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