A retailer purchased $2000 of goods from a supplier on the following terms: 25 per cent trade
Question:
A retailer purchased $2000 of goods from a supplier on the following terms: 25 per cent trade discount, 10 per cent cash discount if the invoice is paid within 30 days. The retailer paid the invoice 20 days after receipt. How much should the retailer pay?
A. $1300
B. $1350
C. $1500
D. $1800
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B 1350 The trade discount is 25 which means the ...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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