FDN Trading purchased an item with a catalogue price of P65,000. The invoice c November 1, 2021 indicates less 20%, trade discount and 2/10, n/30. The invoi also indicates that the term of the shipment is FOB shipping point. The seller pa freight of P1,000 since the shipping company refuses to load the cargo unless th freight is prepaid. How much is the final amount paid by FDN Trading assuming that payment is m within the discount neriod?
FDN Trading purchased an item with a catalogue price of P65,000. The invoice c November 1, 2021 indicates less 20%, trade discount and 2/10, n/30. The invoi also indicates that the term of the shipment is FOB shipping point. The seller pa freight of P1,000 since the shipping company refuses to load the cargo unless th freight is prepaid. How much is the final amount paid by FDN Trading assuming that payment is m within the discount neriod?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:FDN Trading purchased an item with a catalogue price of P65,000. The invoice dated
November 1, 2021 indicates less 20%, trade discount and 2/10, n/30. The invoice
also indicates that the term of the shipment is FOB shipping point. The seller paid the
freight of P1,000 since the shipping company refuses to load the cargo unless the
freight is prepaid.
How much is the final amount paid by FDN Trading assuming that payment is made
within the discount period?
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