On October 7, Monty Company sold merchandise to a customer for $1,200 with credit terms of 2/10, n/30. The cost of the merchandise is $800. On October 10, the customer returned merchandise and received credit for $200. The merchandise, which had cost $70 is returned to inventory. On October 17, Monty received payment for the amount due from the October 7 sale. How much cash did Monty receive on October 17?

976

$1,180

$980

$1,000