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 within the discount period, what is the net cost of the merchandise?
A. $13,000.
B. $12,740.
C. $13,720.
D. $19,600.
E. $6,860.
Answer: B
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