10. An owner of a stationary shop received an invoice for the purchase of 100 pens at RM2 each and 150 rulers at RM1 each. The invoice was dated 8 July 2017. He was offered trade discounts of 12% and 9%, and cash discount terms of 15/10, 5/20 and n/30. The dealer paid the invoice on 20 July 2017. No use excel. Find a) The single discount equivalent to the given trade discounts. (19.92%) b) The amount of payment made on 20 July 2017. (RM266.27)
10. An owner of a stationary shop received an invoice for the purchase of 100 pens at RM2 each and 150 rulers at RM1 each. The invoice was dated 8 July 2017. He was offered trade discounts of 12% and 9%, and cash discount terms of 15/10, 5/20 and n/30. The dealer paid the invoice on 20 July 2017. No use excel. Find a) The single discount equivalent to the given trade discounts. (19.92%) b) The amount of payment made on 20 July 2017. (RM266.27)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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10. An owner of a stationary shop received an invoice for the purchase of 100 pens at
RM2 each and 150 rulers at RM1 each. The invoice was dated 8 July 2017. He
was offered trade discounts of 12% and 9%, and cash discount terms of 15/10,
5/20 and n/30. The dealer paid the invoice on 20 July 2017. No use excel. Find
a) The single discount equivalent to the given trade discounts. (19.92%)
b) The amount of payment made on 20 July 2017. (RM266.27)
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