A company purchases merchandise with a catalog price of $28,000. The company receives a 30% trade discount from the seller. The seller also offers credit terms of 3/10, 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

$8,988.

$8,400.

$13,988.

$19,600.

$19,012.