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What the total payment would be

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Problem 1: The total purchase is P1,176, net of 2% cash discount. Unsold portion of purchase is P176. The sale is at mark-up of 10%. The gross profit is:

Problem 2: The term of a P300,000 purchase is 2/30; n/60, FOB shipping point, freight prepaid, P300. If the account is paid on the 20th day from the invoice date, the total payment would be

Reference no: EM132728394

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