Question
14.Jamaliah receives an invoice for the purchase of 40 batteries for RM8,440 on 31 March 2015. Trade discounts are 5% and 3% and the cash
14.Jamaliah receives an invoice for the purchase of 40 batteries for RM8,440
on 31 March 2015. Trade discounts are 5% and 3% and the cash discount
terms are 8/10 ,5/30, n/60. She pays the invoice on 19 April 2015. She plans
to sell the batteries by allowing 10% of the cost for operating expenses and
28% of the selling price for gross profit.
(a) Find the payment on 19 April 2015.
(b) Find the selling price and the net profit for each battery.
(c) After two months,Jamilah manages to sell 30 batteries.The remaining 10 batteries are sold by allowing 10% markdown.Calculate the total sales made by Jamaliah if all the batteries are sold.
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