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TEST III PROBLEM SOLVING: COMPUTATION OF DISCOUNTSConsider the following information:A sold goods to B with the following details:List price P 5 0 0 , 0

TEST III PROBLEM SOLVING: COMPUTATION OF DISCOUNTSConsider the following information:A sold goods to B with the following details:List price P $500, 000$ Terms: Trade discounts $10 %, 5 %, 2 %, 2 / 10,$ n $/ 30$ REQUIRED: $1 .$ Compute for the Gross invoice price of the above transaction. $2 .$ Assume B pays his account within the discount period, how much will A receive from the transaction?

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