A dealer buys copying machines from a manufacturer and resells them.
The manufacturer sets a list or catalogue price of $12,000 for a machines. The manufacturer offers its dealers a 30 percent trade discount.
The manufacturer sells the machines under terms of FOB shipping point. The cost of shipping is $700.
The manufacturer offers a sales discount of 2/10,n/30. The sales discount does not apply to shipping costs.
What is the net cost of the machine to the dealer, assuming it is paid for within ten days of pruchase?