Question: A retailer received an invoice dated 20 April 2018 for RM8,765. It was offered trade discounts of 15%, 5% and cash discounts of 3/15, 2/20

A retailer received an invoice dated 20 April 2018 for RM8,765. It was offered trade discounts of 15%, 5% and cash discounts of 3/15, 2/20 and n/60. If the payment was made 2 weeks after the date of invoice, find the:

a) Single trade discount equivalent to the trade discounts given.

b) Amount of trade discount.

c) Amount of payment.

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