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A retailer purchases merchandise with a catalog list price of $ 3 4 , 0 0 0 . The retailer receives a 3 4 %

A retailer purchases merchandise with a catalog list price of $34,000. The retailer receives a 34% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period?
a. $22,440
b. $34,000
c. $21,991
d. $23,120

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