Part b. Solve it ASAP. Tq QUESTION 1a) ABC Company Sdn. Bhd. received an invoice of RM35,000 dated 24 May 2020 withtrade discounts of 20%, 15% and cash discount term of 8/15, 5/20, n/30. Thetransportation cost was RM200. Find:i)the single discount equivalent rate to the trade discounts given.ii)the total amount of payment if the payment was made on 10 June 2020.b) An online seller bought 100 boxes of face mask for RM5 each. The operating expensesincurred was 15% of the selling price. The seller wants to resell the face mask at a netprofit of 19% based on cost per box.i)Find the total selling price.ii)What is the maximum percentage of mark down that could be offered withoutincurring any loss?

Given Information: Purchase price per Box = RM 5 Number of boxes purchased = 100 Operating Expenses…

An online seller bought 100 boxes of face mask for RM5 each. The operating expenses incurred was 15% of the selling price. The seller wants to resell the face mask at a net profit of 19% based on cost per box. i) Find the total selling price. ii) What is the maximum percentage of mark down that could be offered without incurring any loss?

An online seller bought 100 boxes of face mask for RM5 each. The operating expenses incurred was 15% of the selling price. The seller wants to resell the face mask at a net profit of 19% based on cost per box. i) Find the total selling price. ii) What is the maximum percentage of mark down that could be offered without incurring any loss?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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