Merchandise with a list prike of P 20,000 was purchased under the terms 2/10, n/30 vith trade discount of 10% and 5%. How much is tho cest of purchases to be recorded? O a P 16.758 P 17,000 P 17,100 P 20,000

Merchandise with a list prike of P 20,000 was purchased under the terms 2/10, n/30 vith trade discount of 10% and 5%. How much is tho cest of purchases to be recorded? O a P 16.758 P 17,000 P 17,100 P 20,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Merchandise with a list prike of P 20,000 was purchased under the terms 2/10, n/30 vith trade discount of 10% and 5%.
How much is tho cest of purchases to be recorded?
O a
P 16.758
P 17,000
P 17,100
P 20,000

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