On Sept. 1, Jerry's Lighting purchased merchandise with a list price of $12,500 with credit terms of 2/10, n/30; freight of $400 prepaid and added to the invoice. On Sept. 3, Jerry's returns $1,300 of the merchandise. If payment is made within the discount period, the total amount paid by Jerry's Lighting is:

A. 11,600.
B. 10,640.
C. 11,264.
D. 11,368.


Answer: C

Business

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