1.A retailer receives an invoice dated 8 July 2015 with trade discounts of 12% and 10% and...

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1.A retailer receives an invoice dated 8 July 2015 with trade discounts of 12% and 10% and cash discount terms of 6/10, 3/20, n/30. The net price after trade discount including transportation cost of RM 150 is RM 2740.

a.Explain the cash discount terms 6/10, 3/20, n/30.

b.Find the list price

c.Find the total payment if it is made on 28 July 2015.

Posted Date: May 10, 2024 05:02 AM

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1.A retailer receives an invoice dated 8 July 2015 with trade discounts of 12% and 10% and...

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Expert Answer:

a The cash discount terms 610 320 n30 mean that the buyer can receive a discount of 6 if the payment ... View the full answer

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