0BUSINESS MATHEMATICS Method First Day Last Day

BM_LP #05 Date of Invoice

Receipt of Goods
LECTURE PROBLEMS: BUYING End of Month

TRADE DISCOUNTS 9) BM Co. purchased products with List Price of

1) An item listed at Php 80,000 is subject to a P100,000 and Trade Discount of 30%. Determine the
discount of 30%.. What is the of price? amount paid if the date of payment is March 5, 2018
and the cash discount is 2/10, n/30 under EOM method.
2) The JNT Garment Factory has sold Php 20 000 worth Date Payment
of clothe to the Manansala Boutique Store. The given of Invoice
amount represents the retail price of the clothes for February 20, 2018
which the JNT Garment Factory has offered a 35% trade January 20, 2018
discount. January 26, 2018
a. What is the actual amount paid by Manansala
Boutique Store? For numbers 10-11:
b. What is the trade discount? CPA Co. purchased products with List Price of P100,000
and Trade Discount of 30%. Determine the Trade

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3) A 30% discount on a desk top computer amounted to discount, cash discount, and amount paid if the date of
payment is March 5, 2018 and the cash discount is 2/10,

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Php 15 000. What are the list price and the net price of

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the computer? 1/20, n/30 under Receipt of Goods Method.
Date of ROG Trade Cash Payment

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4) JB will buy a set of shoes that lists for P2,000 and has
February 20, 2018
Disct Disct
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a trade discount series of 30/20/15. Find the first step
January 20, 2018
discount, the second step discount, and the third step
January 26, 2018
discount.
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12) Papasa Ah Co. purchased merchandise from Bagsacc

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5) An item listed at Php 100,000 is subject to a discount

Co.. Bagsacc Co. offered 20% discount if Papasa Ah Co.
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of 30%.,20% What is the amount of discount and the

purchased 150 units of merchandise. Papasa Co.
net price?
Purchased 160 merchandise with an invoice price of
P80,000. What is the cost of merchandise per unit if the
6) A product is listed at P100,000 pesos. You had the
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total freight was P800 under FOB-shipping point? What

option of choosing 30% Discount or trade discount
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if FOB-buyer?
series of 20%10% discount. Which option is more
beneficial for you?
13) On February 23, 2018, Laban Lang Co. purchased
merchandise from Suko Nah Co.. The latter offered 30%
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CASH DISCOUNTS
discount if the former purchased 160 units of
7) Determine the amount of payment on January 11,
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merchandise. Laban Lang Co. Purchased 150 units of

2019 for a product with invoice price at P80,000 with,
merchandise with a List Price of P80,000. Moreover,
Trade Discount of 20%, and Cash discount of 2/10, n/30.
Suko Nah Co. offered a cash discount of 2/10, n/30.
a. The Date of invoice is January 2, 2019.
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What is the total cost of merchandise per unit if the

b. The date of Invoice is January 1, 2019
freight per unit was P10 under FOB- Destination? What
c. The date of Invoice is December 31, 2018
if FOB-seller?
8) Determine the first and last day of the discount
FOR ITEMS 14-16, USE THE FOLLOWING SITUATION:
period if the date of invoice is January 28,
Jairah, owns five big barbecue stands in Malabon. On
2019 and the date of receipt of goods is February 5,
March 13, 2019, she ordered charcoal briquettes from
2019. The cash discount is 2/10, n/30.
Bulacan. The Invoice amounts to P6,400. The shipping

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 fee is P720. Terms of payment are FOB Bulacan and tablets, 6.25% discount for minimum of 500 tablets,
2/10, n/30 cash discount. 7.50% for minimum of 750 tablets, and 8.75% discount
14) Who should pay the shipping? for minimum of 1000 tablets. How much would a buyer
pay for:
15) If the shipping fee is already included in the invoice, a. 400 tablets?
how much should Jairah pay on March 23, 2019. b. 675 tablets?
c. 4000 tablets?
16) How much is the cost per unit?
2) Omega, a local sardines company, supplies canned
17) Kriza, a grade 12 student, is earning extra income sardines to a big flea market in Central Luzon. Last April
through direct selling. She sells cosmetics to her 26, 2014, Nanay Marie, owner of various stores in the
neighbors in Cavite. She orders from her suppliers in said market, ordered 600 cans of sardines at P11.35. She
Valenzuela. Last week, she ordered products worth P received the goods on April 30, 2014. Omega issued the
3,280 prior to any discount. Yesterday, she received the invoice with the terms 2/10, EOM. Nanay Marie paid on
products and the invoice with the terms FOB Valenzuela, May 16, 2014. Did she receive cash discount? How much
18% trade discount. She also received another invoice did she pay on May 16, 2014?
amounting to P120 for the shipping. How much should

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Kriza pay to her suppliers? 3) Kathy ordered 50 pairs of school shoes from Marikina

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Shoe Exchange (MSE). The shoes were priced at P480

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18) Cath is putting up her rice stall in Pasig Mega per pair with the following terms: 4/10, 3/30, n/60. The

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Market. She ordered 130 sacks of pre invoice was dated December 17, 2014. Kathy sent a

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mium rice at P2,450 each. She received the invoice check as payment on January 15, 2015. What was the

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dated September 30, 2014 with the terms 3/10, 1/20, amount indicated on the check?
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n/30. She partially paid P100,000 on October 8, 2014.
She again partially paid P95,000 on October 15, 2014. 4) Mitsi ordered school supplies for her small nursery
She paid the balance on October 24, 2014. What is her from Mr. Luna. Mr. Luna is a seller of school supplies
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outstanding balance on October 24, 2014? (ANS: from Divisoria, 3/3/3 trade discount. Mitsi received a list
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P119,447.62) price of P8,210. The shipping of these supplies amount

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to P545, which is already in the list price. How much

FOR ITEMS 19-20, USE THE FOLLOWING should Mitsi pay to Mr. Luna?
INFORMATION:
Last January 12, 2018, Cyd received an invoice 5) Determine the amount of payment on January 11,
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amounting to P84,850 for his orders of rubber mats. The 2019 for a product with List Price at P80,000 with, Trade
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terms of the payment are 5/10, EOM. He paid P35,000 Discount of 15/30, and Cash discount of 1/10, n/30.
last January 25, 2015 and the remaining on February 8, a. The Date of invoice is January 2, 2019.
2015. b. The date of Invoice is January 1, 2019
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19) How much did he pay on February 8, 2015? c. The date of Invoice is December 31, 2019
20) How much are the total discounts received?
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6) How much is the remaining balance on due date?

Invoice Date: 11/5/14
Date of goods’ arrival: 11/8/14
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BUSINESS MATHEMATICS List Price: P368,900

BM_DIY #05 Shipping fee: P3,240 (separate invoice)
Terms of Payment: FOB Destination 8% Trade discount
DIY DRILLS: BUYING 6/10,3/20, n/30
Partial Payments: P90,000 on Nov 8, 2014
1) Pesos A large pharmaceutical company is selling over- P130,000 on Nov 14, 2014
the-counter drugs at a discounted price for bulk-buying. P40,000 on Nov 21, 2014
A 5.75% discount is given to a minimum order of 250 P50,000 on Nov 25, 2014
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