SOLVE EVERYTHING AND SHOW SOLUTION:

I. Trade Discounts (5 pts each) 1. 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 Il. 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 discount2. 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? Ill. Cash Discounts (5 pts each) 1. State the payment due dates of the following invoices: Invoice Date Payment Term Due Date (same year) a. February 7 10 e.o.m. b. September 12 30 days c. October 18 d. April 29 1 , e.o.m.. "60 e. May 3 10+ 30x 2. An invoice of goods amounting to P30,750 was dated December 15. If the terms were- 70 30 ' 75 " what amount would be required to pay for the goods on January 10 of the following year