A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $800 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:
A. $8,924.
B. $9,800.
C. $9,700.
D. $10,000.
E. $8,724.
Answer: A
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