ABC Company sold 10 units of goods with a total list price of P30,000 on Jan. 1, 2019. Given that the trade discount is 5% and the cash discount is 10%, and that the cash discount period is 10 days and the credit period is 30 days, if the customer settles the debt on Jan. 8, 2019, what is the actual amount he needs to pay? Choices: P28,500 P25,650 P30,000 P17,100
ABC Company sold 10 units of goods with a total list price of P30,000 on Jan. 1, 2019. Given that the trade discount is 5% and the cash discount is 10%, and that the cash discount period is 10 days and the credit period is 30 days, if the customer settles the debt on Jan. 8, 2019, what is the actual amount he needs to pay? Choices: P28,500 P25,650 P30,000 P17,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company sold 10 units of goods with a total list price of P30,000 on Jan. 1, 2019. Given that the trade discount is 5% and the cash discount is 10%, and that the cash discount period is 10 days and the credit period is 30 days, if the customer settles the debt on Jan. 8, 2019, what is the actual amount he needs to pay?
Choices:
P28,500
P25,650
P30,000
P17,100
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