Winter company received quotations from two entities for an item of merchandise as follows:

From Company X: List price P 500,000, less 20-10-10, FOB shipping point, 2/10, n/30.

From Company Y: List price p 500,000 less 35, FOB shipping point, 2/10,n/30.

Required: For each quotation, compute the invoice amount and the amount to be paid by the buyer within the discount period.