What is the invoice price of the merchandise

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Question - Solve for the requirements. Show your solution in good form and double rule your final answer. Celine Company purchased an item of merchandise quoted and listed at P250,000 under the following terms: Trade discounts of 10%, 5%, 2/10, n/30.

1. What is the invoice price of the merchandise?

2. What is the total amount of cash to be paid if payment is within the discount period?

3. What is the total amount of cash to be paid if payment is beyond the discount period?

Reference no: EM133008079

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