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Find what is the net cost of the merchandise for the company

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Reference no: EM132968654

Problem 1: A company purchases merchandise with a catalog price of $21,500. 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?

Multiple Choice

Option 1: $7,525.

Option 2: $13,696.

Option 3: $12,804.

Option 4: $7,804.

Option 5: $13,975.

Reference no: EM132968654

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