A company purchases merchandise with a catalog price of $28,500. The company receives a 40% trade discount from the seller. The seller also offers credit terms of 1/10, 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. $16,571.
B. $17,100.
C. $11,571.
D. $16,929.
E. $11,400.
Answer: D
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