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A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 w
Posted: Mon Jan 17, 2022 8:09 am
by 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 38 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)