A company purchased $11,600 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $1300, was added to the invoice amount. On June 20, it returned $2080 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
A. $10,534.4.
B. $12,380.
C. $9,224.
D. $12,280.
E. $12,900.
Answer: A
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