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A company purchased $9,900 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $495 of that merchandise. On June

A company purchased $9,900 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $495 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:

  • $9,123.

  • $9,603.

  • $9,900.

  • $9,405.

  • $9,172.

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