If a merchandise is sold on account to a customer for P10,000, terms FOB shipping point, 1/10, n/30, and the seller prepays the transportation costs of P500, the amount of the discount for early payment would be:*a. P 0b. P50c. P100d. P105

A company makes a purchase of P 2,000 of inventory, subject to credit terms of 3/10 n/45 and returns P500 of inventory prior to payment. Freight of P400 is on terms FOB Destination Point, Prepaid. Determine the amount of the payment assuming payment is made within the discount period.

Merchandise is sold for $10,400, terms 1/10, n/30. Prior to payment, the customer returned $760 of the merchandise. If the invoice is paid within the discount period the amount of the sales discount is:

Toy Company purchased merchandise, the invoice,P169,500 includes P9,000 for freight and terms 3/15, n/30.  Merchandise in the amount of P24,000 was returned, and the balance of the invoice was paid within the discount period.  How much cash was disbursed by Toy in full settlement of the account?*a. P169,500b. P140,920c. P145,000d. P14,000

Merchandise costing $6,700 with terms of 2/10, n/30, with transportation costs of $430 included on the invoice (not included in the $6,700) is sold on account. If the bill is paid within ten days, the amount of the purchase discount is:

Beckett Company sold merchandise on account for $12,600, terms 2/10, n/30. Freight charges of $450 were prepaid by Beckett Company and added to the invoice. The customer returned $1,800 of merchandise before making the payment then paid the invoice within the discount period. What is the amount Beckett Company received?