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A company purchased P20,000 of merchandise on July 5 with terms 20% and 10% trade...

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A company purchased P20,000 of merchandise on July 5 with terms 20% and 10% trade discount, 2/10, n/30. On July 7, it returned P1,000 worth of merchandise. Determine the total cash payment assuming that the full amount due was paid on July 15

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