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Question(s) / Instruction(s):

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 on time, what is the net cost of the merchandise?

a)            $13,720.

b)            $19,600.

c)            $6,860.

d)            $13,000.

e)            $12,740.

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