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A company purchases merchandise with a catalog price of $24,000. The company receives a 40% trade discount from the seller. The seller also offers credit

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A company purchases merchandise with a catalog price of $24,000. The company receives a 40% trade discount from the seller. The seller also offers credit terms of 1/10,n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise? Multiple Choice $9,744 $9,600 $14744 $14,400 $14.256

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