A retailer purchased $2000 of goods from a supplier on the following terms: 25 per cent trade

Question:

A retailer purchased $2000 of goods from a supplier on the following terms: 25 per cent trade discount, 10 per cent cash discount if the invoice is paid within 30 days. The retailer paid the invoice 20 days after receipt. How much should the retailer pay?

A. $1300

B. $1350

C. $1500

D. $1800 

 

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

Question Posted: