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A company purchases merchandise with a catalog price of $21500. The company receives a 35% trade discount from the seller. The seller also offers credit

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A company purchases merchandise with a catalog price of $21500. The company receives a 35% trade discount from the seller. The seller also offers credit terms of 2/0,6/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise? Multiple Choice $13,696 $7.525 $13,975 $12,804 O $7004

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