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A company purchases merchandise for $26,500. The seller offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within

A company purchases merchandise for $26,500. The seller 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?

  • $26,500.

  • $2,650.

  • $18,550.

  • $25,970.

  • $8,450.

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