7. A retail store sells a jacket for RM290, less 18%. A department store sells the...

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7. A retail store sells a jacket for RM290, less 18%. A department store sells the same jacket for RM265, less than 12%. Which store is offering the item for a cheaper price, and for how much? 8. Laura received an invoice of RM3060.50 dated May 31, terms 3/15, n/30. She paid it in full on June 14. What amount did she pay? 9. Determine the payment needed to settle an invoice with a net amount of RM750, dated January 26, terms of sale are 2/10, 1/20, and n/30, if the invoice is paid on: a) February 3 b) February 14 c) March 3 d) April 2 e) May 20 10. Determine the payment required to settle the invoice on the Indicated payment date. Invoice amount (RM) Payment date Credit terms 2/10, n/30 2365.00 Oct 5 2365.00 1.5/15, n/45 Nov 10 815.49 July 7 5445.00 April 13 No 1 2 3 4 2/10, 1/20, n/60 3/10, 1.5/20, n/60 Invoice date Sept 25 Oct 25 June 27 March 23 11. The net price on an item listed for RM369 is RM287.82. What trade discount rate is being given? 7. A retail store sells a jacket for RM290, less 18%. A department store sells the same jacket for RM265, less than 12%. Which store is offering the item for a cheaper price, and for how much? 8. Laura received an invoice of RM3060.50 dated May 31, terms 3/15, n/30. She paid it in full on June 14. What amount did she pay? 9. Determine the payment needed to settle an invoice with a net amount of RM750, dated January 26, terms of sale are 2/10, 1/20, and n/30, if the invoice is paid on: a) February 3 b) February 14 c) March 3 d) April 2 e) May 20 10. Determine the payment required to settle the invoice on the Indicated payment date. Invoice amount (RM) Payment date Credit terms 2/10, n/30 2365.00 Oct 5 2365.00 1.5/15, n/45 Nov 10 815.49 July 7 5445.00 April 13 No 1 2 3 4 2/10, 1/20, n/60 3/10, 1.5/20, n/60 Invoice date Sept 25 Oct 25 June 27 March 23 11. The net price on an item listed for RM369 is RM287.82. What trade discount rate is being given?

Answer rating: 100% (QA)

7 Retail store RM290 less 18 of RM290 is RM290 018 RM522 So price is RM290 RM522 RM2378 Department s... View the full answer