Edison Inc. consigned ten dozen of bikes with cost of P15,000 per bike to Paul Cycling Works. Edison Inc. incurred freight costs of P450 per dozen. A month later, Paul Cycling Works reported seven dozen at P30,000 per bike and expenses of P45,000. Paul Cycling Works remitted the proceeds to Edison Inc. net of the agreed 15% commission on sales. How much is the total cash remitted to Edison Inc.? Question 7Answer P2,097,000 P2,142,000 P2,137,500 P2,100,000