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Rivera Company purchased merchandise from Dimatulac Suppliers for P3,600 list price, subject to a trade discount of 25%. The goods were purchased on terms of

Rivera Company purchased merchandise from Dimatulac Suppliers for P3,600 list price, subject to a trade discount of 25%. The goods were purchased on terms of 2/10, n/30, FOB destination. Rivera paid P100 transportation costs. Rivera returned P300 of the merchandise to Dimatulac and later paid the amount due within the discount period. The amount paid is

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