A retail dealer purchases a washing machine listed in the manufacturer's catalog at P18,500.00 less 30%...

 

Transcribed Image Text:

A retail dealer purchases a washing machine listed in the manufacturer's catalog at P18,500.00 less 30% discount. Find the invoice price and the amount of trade discount for the washing machine. 2. An electric range listed in AMP Company's catalog at P23,000.00 is billed to the retailer at P20,100.00. Determine the: a. amount of trade discount b. trade discount rate II. Trade Discount Series (5 pts each) 1. A manufacturer's list price of an 8 cubic feet refrigerator is P18,575.00 subject to 10%, 5% and 2% discounts. Determine the: a. net price b. amount of trade discount 2. An office equipment was priced at P25,000.00 subject to 10% trade discount. a. What additional trade discount rate would bring down the price to P21,375.00? b. What is the single equivalent rate of the two trade discounts? c. How much is the total trade discount? II. Cash Discounts (5 pts each) 1. State the payment due dates of the following invoices: Invoice Date a. February 7 b. September 12 c. October 18. d. April 29 e. May 3 Payment Term 10 e.o.m. 30 days 10' * e.o.m., "60 10 + 30x Due Date (same year) 3 2. An invoice of goods amounting to P30,750 was dated December 15. If the terms were 10 '30 what amount would be required to pay for the goods on January 10 of the following year? A retail dealer purchases a washing machine listed in the manufacturer's catalog at P18,500.00 less 30% discount. Find the invoice price and the amount of trade discount for the washing machine. 2. An electric range listed in AMP Company's catalog at P23,000.00 is billed to the retailer at P20,100.00. Determine the: a. amount of trade discount b. trade discount rate II. Trade Discount Series (5 pts each) 1. A manufacturer's list price of an 8 cubic feet refrigerator is P18,575.00 subject to 10%, 5% and 2% discounts. Determine the: a. net price b. amount of trade discount 2. An office equipment was priced at P25,000.00 subject to 10% trade discount. a. What additional trade discount rate would bring down the price to P21,375.00? b. What is the single equivalent rate of the two trade discounts? c. How much is the total trade discount? II. Cash Discounts (5 pts each) 1. State the payment due dates of the following invoices: Invoice Date a. February 7 b. September 12 c. October 18. d. April 29 e. May 3 Payment Term 10 e.o.m. 30 days 10' * e.o.m., "60 10 + 30x Due Date (same year) 3 2. An invoice of goods amounting to P30,750 was dated December 15. If the terms were 10 '30 what amount would be required to pay for the goods on January 10 of the following year?

Answer rating: 100% (QA)

Ill help you solve these problems step by step Problem 1 Washing Machine Trade Discount Given List Price P1850000 Discount Rate 30 a Invoice Price Lis... View the full answer