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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 14MC: A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays...

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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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