(a)Sam's Department Store sells a shirt with discounts of 12 percent and 20 percent, while Alan's Department Store sells the same type of shirt with discounts of 10 percent, 10 percent and 12percent.

(i)Determine which store offers a higherdiscount.

(5 Marks)

(ii)If the list price of the shirt is $89, calculate the net price of that shirt in Sam's DepartmentStore.

(3 Marks)

(a)Farid, a furniture shop owner, buys a new set of furniture worth $9,450. He receives an invoicedated26October2009withtradediscountsof9percent,3percentandisoffered cash discount terms 3/15, 2/30,n/60.

(i)Calculate the single discount equivalent to the trade discountsgiven.

(4Marks)

(ii)Determine the total amount due if Farid pays the invoice on 17 November2009.

(4 Marks)

(iii)If Farid pays $5,440 on 3 November 2009, calculate the amount that was credited to Farid'saccount.

(4Marks)