B.3

(1). Khimji is a wholesaler in Ruwi market. The main items he sell in the Ruwi market are fresh fruits, vegetables and meat. Aburayan LLC is a retailer in Seeb who buys these fruits, vegetables and meat from Khimji , in whole sale since ten years for the retail shop. As they are in a very good trade relationship Khimji planned to give him a trade discount of 25%, 15% and 20% on fruits, vegetables and meat respectively. If , Aburayan LLC, gets a such a discount from Khimji, they will be able to sell the items in the below mentioned list prices:

Items

Total list Price

Fruits ( 150 kg )

OMR 399.50

Vegetables ( 120 kg)

OMR 589.90

Meat ( 170 kg)

OMR 775.50

You are required to:

(a) What price Aburayan LLC should pay to Khimji, the wholesaler, to buy fruits? (1 Mark)

(b) What price Aburayan LLC should pay to Khimji, the wholesaler, to buy vegetables? (1 Mark)

(c) What price Aburayan LLC should pay to Khimji, the wholesaler, to buy meat? (1 Mark)

(2). As the summer approaches Mr. Samad is in search of good quality air coolers to be replaced in his house. With an intention to buy an air cooler he went to Mars hypermarket. There he found three different companies air coolers at different prices. They were as follows :

Item

Net Price

Trade Discount Amount

Panasonic Air cooler

OMR 149.99

OMR 15

General Air cooler

OMR 189.99

OMR 17

LG Air cooler

OMR 216.50

OMR 30

By seeing the prices and discount amount Mr. Samad was confused to buy which air cooler. You are required to help him in choosing the best air cooler in terms of less price.

(a) Determine the discount rate applied for Panasonic Air cooler. (1 Mark)

(b) Determine the discount rate applied for General Air cooler. (1 Mark)

(c) Determine the discount rate applied for LG Air cooler. (1 Mark)

(d) Which air cooler you will suggest Mr. Samad to buy in terms of discount rate (1 Mark)

(3). Muscat LLC exports dates to various countries in the brand name Omani Khajoor. Two main importers and trade partners of Muscat LLC are UAE and Qatar. Muscat LLC sold 4000 kilograms and 6000 kilograms of Omani Khajoor to UAE and Qatar respectively.

(a). The invoice date with UAE was August 06,2019, and the goods were sold for OMR 16000.The terms of the payment was 8/10,n/30.The invoice was paid on August 12,2019.You are required to :

(i) Find out whether UAE is eligible for a discount. (0.5 Mark)

(ii) If yes, find the amount of discount. (0.5 Mark)

(iii) Find also, the total amount paid by UAE. (0.5 Mark)

(b). The invoice date with Qatar was August 10, 2019, and the goods were sold for OMR 24000. The terms of the payment was 5/10 E.M.O is received. The invoice was paid on September 5, 2019. You are required to :

(i) Find out whether Qatar is eligible for a discount. (0.5 Mark)

(ii) If yes, find the amount of discount. (0.5 Mark)

(iii) Find also, the total amount paid by Qatar. (0.5 Mark)