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Amanda, a furniture shop owner, buys a new set of furniture worth RM8,260. She receives an invoice dated 26 October 2019 with trade discount of
Amanda, a furniture shop owner, buys a new set of furniture worth RM8,260. She receives an invoice dated 26 October 2019 with trade discount of 7/2 and is offered cash discount terms 3/15,2/30,n/60.
(a) Calculate the single discount equivalent to the trade discount given =
(b) Calculate the last day to receive the 2% cash discount. =
(c) Determine the total amount due if Amanda pays the invoice on 17 November 2019. =
(d) If Amanda pays RM4000 on 3 November 2019, how much balance is due before the credit term ends?. =
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