A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 w

[answerhappygod]

A Wholesaler Gives Trade Discounts 20 10 And 5 To His Regular Customers He Sent An Invoice Dated 8 September 2009 W 1 (29.04 KiB) Viewed 36 times

A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 with cash terms 6/20, 4/30 and n/60 for the product listed at RM 16,450. The payment was made 20 days after the date of invoice. Calculate the: i) single discount rate equivalent to the given trade discounts, ii) amount of trade discounts received, iii) total payment made, iv) last date to get the 6% cash discount. (3 marks) (2 marks) (3 marks) (1 mark)