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La Mesa Co. is in the business of trading furniture. A living room has a list price of P55,000 with a trade discount of 15%.

La Mesa Co. is in the business of trading furniture. A living room has a list price of P55,000 with a trade discount of 15%.

a) How much was the purchase price?

b) The total purchase price on the invoice has a payment term of 10/2/ROG. The invoice was sent on January 10, 2018 while the living room set was received on January 28, 2018. Half of the invoice amount was paid on January 29 and the rest was paid on February 10, 2018. How much was the payment on Feb 10?

c) The owner decided to sell this at P65,000 to cover for other expenses. This allows her to have a markup of 30% based on selling price of this living room set. On anniversary sale, she gave a markdown of 5/3/2 percent if bundled with the dining set. How much is the profit on the marked down living room set?

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