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How much to paid if customer pays before due at list price

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Problem 1: A supplier offers the following discounts; Trade discount of 10% at list price and another cash discount of 5% if paid in full before the due date. How much is to be paid if a customer pays before due at a list price of P16,000?

a. P13,680           c. P14,000

b. P15,520        d. P16,000

Problem 2: A trade discount is:

a. shown in the sales journal,

b. shown in the purchase journal,

c. shown in the general journal,

d. not shown anywhere,

Reference no: EM132745791

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