2012 OCTOBER A retailer received an invoice dated 7th June 2011 with trade discounts of 15% and 10% and cash discount te
Posted: Mon Jan 17, 2022 8:09 am
2012 OCTOBER A retailer received an invoice dated 7th June 2011 with trade discounts of 15% and 10% and cash discount terms of 5/10, 2/20, n/30. The net price after the trade discounts including transportation cost of RM200 was RM1,730. i) Explain the cash discount terms of 5/10, 2/20, n/30. ii) Find the list price. iii) Find the total payment if the payment was made on 27th June 2011. (3 marks) ( (3 marks) (3 marks)