Answered step by step
Verified Expert Solution
Question
1 Approved Answer
begin{tabular}{|l|c|} hline multicolumn{1}{|l|}{ CASE 3} & MARKS hline 1) An invoice dated 19th November 2021 was received by Shahril for & /8 the
\begin{tabular}{|l|c|} \hline \multicolumn{1}{|l|}{ CASE 3} & MARKS \\ \hline 1) An invoice dated 19th November 2021 was received by Shahril for & /8 \\ the purchase of an item. The price after trade discount of 12%,9% \\ and 6% including the transportation cost of RM500 is RM7895. The \\ cash discount term offered was 5/9,2/15,n/30. Find: & 3 \\ \hline a) The list price of the item. & 5 \\ \hline b) The total amount paid if the payment was made on 4 ht December 2021. & /12 \\ \hline & \\ \hline 2) The cost price for 35 pairs of sport shoes was RM350 per pair. SG & \\ \hline Sports Excel planned to sell all the shoes for a gross profit of 25% & \\ \hline based on the cost and the operating expenses were 15% based on & \\ \hline the cost. Compute: \\ \hline a) The total selling price SG Sport Excel managed to sell al the shoes. & 6 \\ \hline b) The maximum percentage of markdown that can be offered so that SG & 6 \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started