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FDN Trading undertook the following transactions for the month of November. Purchased merchandise for P80,000 less 5-5 on terms 4/10 n/30. The entity paid freight

FDN Trading undertook the following transactions for the month of November.

Purchased merchandise for P80,000 less 5-5 on terms 4/10 n/30. The entity paid freight for P2,500 and returned defective goods worth P10,000. FDN Trading paid this account in full within the discount period. How much was the purchase discount?

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