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Merchandise shipped fob destination to customer was made on January 5, 2006 for P25,000. The customer issued P10,000 12% 30-day note and the balance 2/10,

Merchandise shipped fob destination to customer was made on January 5, 2006 for

P25,000. The customer issued P10,000 12% 30-day note and the balance 2/10, n/30

on January 10, 2006, the date the goods were received. The customer made a partial

payment on January 15, 2006 for P5,000. Payment was made within the discount

period. How much discount was granted?

a. P 0 b. P 200 c. P 300 d. P 500

Please solve the question if you are completely sure about the solution (with steps), otherwise I will downvote it.

Thanks.

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