## Computation breakdown for payment option spotcash

Price with vat 7,496,000 pesos
price without vat 6,692,857.14

payment option A. spotcash with 15% discount

selling price without vat 6,692,857.14
less 2% promo discount 133,857.14 6,559,000
less 15% discount 983,850
net selling price 5,575,150
Total Purchase Price 6,634,428.50

less reservation fee 50,000
net purchase price 6,584,428.50

payable 30 days after reservation 6,534,428.50
retention (payable upon turnover) 50,000

Computation Breakdown

Certainly! Let’s break down each step in the computation:

1. Price without VAT:
• Given: Price with VAT = 7,496,000 pesos
• Formula: Price without VAT = Price with VAT / (1 + (VAT rate / 100))
• Calculation: (6,692,857.14 = \frac{7,496,000}{1 + (12/100)})
• Simple Formula 7,496,000 / 1.12 = 6,692,857.14
1. Spot Cash with 15% Discount:
• Starting with the price without VAT:
• (6,692,857.14)
• Less 2% promo discount:
formula 6,692,857.14 x 0.02 = 133,857.14
• (6,692,857.14 – 133,857.14 = 6,559,000)
• Less 15% discount:
formula 6,559,000 x 0.15 = 983,850
• (6,559,000 – 983,850 = 5,575,150)
• (5,575,150 + (7/100 \times 5,575,150) = 5,575,150 + 390,260.50 = 5,965,410.50)
formula 5,575,150 x 0.07 = 390,260.50
formula 5,575,150 x 1.07 = 5,965,410.50
• (5,965,410.50 + (12/100 \times 5,965,410.50) = 5,965,410.50 + 715,849.26 = 6,681,259.76)
formula 5,965,410.50 x 0.12 = 715,849.26
formula 5,965,410.50 x 1.12 = 6,681,259.76
1. Total Purchase Price:
• This is the final amount after applying discounts and adding charges.
• (6,681,259.76)
1. Less Reservation Fee:
• (6,681,259.76 – 50,000 = 6,631,259.76)
1. Net Purchase Price:
• This is the amount payable after deducting the reservation fee.
• (6,631,259.76)
1. Payable 30 Days After Reservation:
• This is the net purchase price, which is (6,631,259.76).
1. Retention (Payable Upon Turnover):
• The retention amount is separate and payable upon turnover.
• (50,000)

So, in summary:

• Total Purchase Price: (6,681,259.76)
• Net Purchase Price: (6,631,259.76)
• Payable 30 Days After Reservation: (6,631,259.76)
• Retention (Payable Upon Turnover): (50,000)

The condo unit

Mandani bay quay tower 3
fully furnished
studio no balcony
floor 33
unit 26
unit area 29.75
view city
Price with vat 7,496,000 pesos