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Suppose the selling price of a brand new upright freezer is Php 30,000

Accounting

Suppose the selling price of a brand new upright freezer is Php 30,000. The customer buys this freezer in cash and he is given 1% discount rate by the company. The company's capital for this freezer including freight and other operating expenses is Ph25, 000. How much is the customer's simple discount? What is the net price of the freezer?

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