3.

Olive Valenzuela Traders purchased merchandise from San Jose Suppliers for P3,600 list price,

subject to a trade discount of 25%. The goods were purchased on terms of 2/10, n/30, F.O.B.

destination. Valenzuela paid P100 transportation costs. Valenzuela returned P400 (list price) of

the merchandise to San Jose and later paid the amount due within the discount period. The

amount paid is

a.

P2,352

b.

P2,246.

c.

P2,254

d.

P2,252.