A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an...

 

Transcribed Image Text:

A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 with cash terms 6/20, 4/30 and n/60 for the product listed at RM 16,450. The payment was made 20 days after the date of invoice. Calculate the: i) ii) iii) iv) single discount rate equivalent to the given trade discounts, amount of trade discounts received, total payment made, last date to get the 6% cash discount. (3 marks) (2 marks) (3 marks) (1 mark) A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 with cash terms 6/20, 4/30 and n/60 for the product listed at RM 16,450. The payment was made 20 days after the date of invoice. Calculate the: i) ii) iii) iv) single discount rate equivalent to the given trade discounts, amount of trade discounts received, total payment made, last date to get the 6% cash discount. (3 marks) (2 marks) (3 marks) (1 mark)

Answer rating: 100% (QA)

i To calculate the single discount rate equivalent to the given trade discounts we can use the compl... View the full answer