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What is the actual amount needs to pay for xyz company

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Reference no: EM132816433

Problem 1: XYZ Company sold10 units of goods with a unit list price of P 2,000 on January 1, 2020. Given that the trade discount is 5% and the cash discount is 10% and that the cash discount period is 10 days and the credit period is 30 days, if the customer settles the debt on January 28, 2020, what is the actual amount he needs to pay?

a. P17,100

b. P19,000

c. P18,050

d. P20,000

Reference no: EM132816433

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