QUESTION 1

PLEASE DO IT ON A PAPER, I WILL APPRECIATE A CLEAR AND EXPLAINED ANSWER, THANK YOU.

a) A thermomix is advertised at RM8000 less 40%, 12% and 2.5%. Find the net price. (4 marks) b) Saira, a furniture shop owner, buys a new set of furniture worth $8,260. She received an invoice dated 26 October 2021 with trade discounts of 7%, 2% an is offered cash discount terms 3/15, 2/30, n/60. i. Calculate the single discount equivalent to the trade discounts given. (2 marks) Calculate the last day to receive the 2% cash discount. (3 marks) Determine the total amount due if Saira pays the invoice on 17 November 2021. (4 marks) iv. If she pays $4,000 on 3 November 2021, how much is the balance due before the credit term ends