10. Mr Soh bought fifty shirts at RM88 each on 24 June 2021. He received an invoice with trade discounts 10%, 8% and 5%
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
10. Mr Soh bought fifty shirts at RM88 each on 24 June 2021. He received an invoice with trade discounts 10%, 8% and 5%
10. Mr Soh bought fifty shirts at RM88 each on 24 June 2021. He received an invoice with trade discounts 10%, 8% and 5% and cash discount term of 5/5,3/10, n/60 respectively. a. Calculate a single trade discount rate that is equivalent to the trade discount given. (ans:21.34%) b. Find the total payment if the invoice is cleared on 30 June 2021. (ans:RM3,357.21)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!