Hayes & Grant Wholesale received an invoice dated March 30, 2018, from a manufacturer that sells electronic components. The list price was $18,427. This manufacturer offers its customers a trade discount of 47%. The manufacturer also offers its customers the following cash discount terms: 2/10, n/30. Assuming that Hayes & Grant Wholesale pays the invoice on April 19, 2018, calculate the following. 

Trade discount dollar amount =

Net price =

Cash discount dollar amount =

Dollar amount paid to the manufacturer =

Answer rating: 100% (QA)

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