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What is the amount of cash that should be received by seller

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Problem 1: A sales invoice included the following information: merchandise price, $12,800; terms 1/10, n/eom; FOB shipping point with prepaid freight of $501 added to the invoice. Assuming that a credit for merchandise returned of $2,600 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?

a. $13,168

b. $2,600

c. $12,800

d. $10,599

Reference no: EM132831094

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