You have purchased merchandise with a list price of ($ 36,000). Because you are a wholesaler, you

Question:

You have purchased merchandise with a list price of $\$ 36,000$. Because you are a wholesaler, you are granted trade discounts of $30 \%, 20 \%$, and $10 \%$. The cash discount terms are 2/EOM, $\mathrm{n} / 60$. How much will you remit if you pay the invoice by the end of the month of purchase? How much will you remit if you do not pay the invoice until the following month?

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