Question text

Following are selected purchase transactions of Mr. Cruz, a merchandiser, duringApril of the current year:

April 8Purchased merchandise from ABC Textile Corporation worth P 100,000, FOB Destination. Freight reported is P 15,000. Terms of payment: 2/10, n/30.

April 10Returned defective merchandise purchased on the 8^th, P 10,000.

April 17 Paid ABC Textile Corporation.

April 20 Purchased merchandise worth P 50,000 from RST Trading. Cebu City. Transportation- in is P 5,000. Terms: FOB shipping point; Terms of payment: n/30. The shipment arrived at thePort of Manila, A

April 25Merchandise purchased from XYZ Clothing Co., P 80,000, FOB shipping point. Freight charges, P 6,500, Terms of payment: n/30. Shipment arrived at the Port of Manila on May 2.

The freight that will be paid by the buyer is?

Purchase Discount availed by Mr. Cruz is?