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2007 OCTOBER On 14 June 2006, GG Truck Company received an invoice for the following items. Item Quantity List Price Per Unit Tyre 8
2007 OCTOBER On 14 June 2006, GG Truck Company received an invoice for the following items. Item Quantity List Price Per Unit Tyre 8 Battery 12 Sport Rim 15 (RM) 110 160 180 The transportation cost is RM400. The company received trade discounts of 10% and 15% and cash discount terms of 4/10, n/30. Calculate i) the single discount rate equivalent to the given trade discounts ii) the last date to get the 4% cash discount iii) the amount of trade discount received iv) the amount paid if payment was made on 20 June 2006. (2 marks) (1 mark) (4 marks) (3 marks)
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