A company purchases merchandise with a catalog price of $29,500. The company receives a 30% trade discount from the seller. The seller also 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?

A) $8,850

B) $20,237

C) $20,650

D)$14,236

E)$9,263