Gross Invoice Price Computation 1. Theus Trading purchased merchandise listed as P12,000 and subject to a trade discount of 25%. Find the amount that will be recorded in the books. 2. Jam Trading purchased merchandise listed as P15,000 and was given chain discounts of 20% and 10%. Find the amount that will be recorded in the books. 3. Zilas Trading recorded the amount of P8,400 as the purchase price of merchandise it bought from Ansens Trading. The gross invoice was subjected to chain discounts of 30% and 20%. Find the list price of the merchandise. Net Sales Computation 1. Crest Trading recorded gross sales of P450,000 in 2020. In the same year, the entity granted sales discounts totaling P12,000. Of the total sales, goods amounting to P13,500 were returned by customers. Determine Crest Trading's net sales for 2020. 2. CostKo Merchandise reported net sales of P17,500 in 2020. It granted total sales discounts of P3,500 and sales returns and allowances amounting to P2,500. What was the gross sales amount of the entity in 20207 Net Purchases Computation 1. In 2020, Great Growth Trading has purchased P250,000 worth of inventory, was granted purchase discount totaling P4,200, and returned P3,000 to suppliers. What was the firm's net purchases in 2020? 2. JazMe Traders reported net purchases of P15,000 in 2020. It received P2,000 discount from its regular supplier. The entity also returned P2,000 worth of defective merchandise. What was the entity's gross purchases in 2020