Maningkamot ko permi makapasar sports wear regularly buys sweaters from BSA Company and its allowed trade discounts of 20%, and 10% from the list price. Maningkamot ko permi made a purchase during the year and receive an invoice with a list price of P600,000, a freight charge of P15,000 and payment terms and 2/10, n/30. What is the cost of the purchase?

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
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1. Maningkamot ko permi makapasar sports wear regularly buys sweaters from BSA Company and its allowed trade discounts of 20%, and 10% from the list price. Maningkamot ko permi made a purchase during the year and receive an invoice with a list price of P600,000, a freight charge of P15,000 and payment terms and 2/10, n/30.

What is the cost of the purchase?

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