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a) An invoice dated 23 April 2017 was received by Anna Scarves for the purchase of 120 shawls at RM10 each. The owner was offered
a) An invoice dated 23 April 2017 was received by Anna Scarves for the purchase of 120 shawls at RM10 each. The owner was offered trade discounts of 10% and 8% and cash discount terms of 5/15, 3/20 and n/30. Find: i) the single discount equivalent to the trade discounts given. (3 marks) ii) the last day to receive the 3% cash discount. (2 marks) iii) the amount due if the owner pays the invoice on 10 May 2017. (4 marks)
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