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Marked out of 2.00 Rivera Company purchased merchandise from Dimatulac Suppliers for P7,200 list price, subject to a trade discount of 25%. The goods were
Marked out of 2.00 Rivera Company purchased merchandise from Dimatulac Suppliers for P7,200 list price, subject to a trade discount of 25%. The goods were purchased on terms of 2/10, n/30, F.O.B destination. Rivera paid P200 transportation costs. Rivera returned P800 (list price) of the merchandise to Dimatulac and later paid the amount due within the discount period. How much is the amount paid
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