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A company purchases merchandise with a catalog price of $26,500. The company receives a 30% trade discount from the seller The seller also offers credit

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A company purchases merchandise with a catalog price of $26,500. The company receives a 30% trade discount from the seller The seller also offers credit terms of 20, /30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise

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