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2. Gross and Net Method. Patient Retailers purchased merchandise with a list price of P150,000, subject to a trade discount of 15 percent and credit

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2. Gross and Net Method. Patient Retailers purchased merchandise with a list price of P150,000, subject to a trade discount of 15 percent and credit terms of 2/10,n/30. At what amount should Patient record the cost of this merchandise if the gross method is used

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