Halimah, a furniture shop owner, buys a new set of furniture worth RM 8,260. She receives...

 

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Halimah, a furniture shop owner, buys a new set of furniture worth RM 8,260. She receives an invoice dated 26 October 2015 with trade discounts of 7% 2% and is offered cash discount terms of 3/15, 2/30, n/60. Calculate the single discount equivalent to the trade discounts given Calculate the last day to receive the 2% cash discount Determine the total amount due if Halimah pays the invoice on 17 November 2015. If Halimah pays RM 4,000 on 3 November 2015, how much is the balance due before the credit term ends? Halimah, a furniture shop owner, buys a new set of furniture worth RM 8,260. She receives an invoice dated 26 October 2015 with trade discounts of 7% 2% and is offered cash discount terms of 3/15, 2/30, n/60. Calculate the single discount equivalent to the trade discounts given Calculate the last day to receive the 2% cash discount Determine the total amount due if Halimah pays the invoice on 17 November 2015. If Halimah pays RM 4,000 on 3 November 2015, how much is the balance due before the credit term ends?

Answer rating: 100% (QA)

SOLUTION To calculate the single discount equivalent to the trade discounts given we can use the following formula Single discount equivalent 1 1 trad... View the full answer