An invoice received included the following information: merchandise price,

$12,000

; terms

(1)/(10),(n)/()

eom; FOB shipping point with prepaid freight of

$900

. Assuming that a credit for merchandise returned of

$500

is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be paid by the buyer?\ a.

$10,480

\ b.

$11,385

\ c.

$12,285

\ d.

$11,500

An invoice received included the following information: merchandise price, $12,000; terms 1/10,n/eom; FOB shipping point with prepaid freight of $900. Assuming that a credit for merchandise returned of $500 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be pard by the buyer? a. $10,480 b. $11,385 c. $12,285 d. $11,500