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CITY UNIVERSITY Date : 13 July 2021 Course : BBQT1013 Business Mathematics Short Answer Question [Total = 40 marks] Answer ALL questions. 1. Find the

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CITY UNIVERSITY Date : 13 July 2021 Course : BBQT1013 Business Mathematics Short Answer Question [Total = 40 marks] Answer ALL questions. 1. Find the trade discount and net price. Round to the nearest cent. Appliance List Price Single Trade Net Price (RM) Discount Rate Discount Rice cooker 159 9% Toaster 6% Blender 129 8% (6 marks) 99 2. Find the cash discount and the net price on an invoice for RM750 dated June 17 with terms of 5/10. 2/15. n/30 if the bill was paid June 30. (4 marks) 3. Sandler Corporation received an RM1,445 invoice for kitchen ingredients with terms of 4/10, 1/30. The firm could not pay the entire bill within 10 days but sent a check for RM800. Find (a) the amount credited for the partial payment. (2 marks) (b) the balance due date on the invoice. (2 marks) A purchasing Department purchased the following items at the given list prices & trade discounts Items Number purchased Price per item (RM) Trade discount Staplers 30 6.90 4% Files 45 3.90 2% Pen 5 dozens 2.50 5% Calculate the total net price of the items purchased. (6 marks) CITY UNIVERSITY Date : 13" July 2021 Course: BBQT1013 Business Mathematics 5. (a) Find the missing numbers in the table i the markup is based on cost. % Cost Markup Selling Price RM 60 30 (4 marks) (b) Find the missing numbers in the table if the markup is based on the selling price. RM % Cost Markup Selling Price 6 15 (4 marks) 6. A short originally sold for RM28 and was marked down to sell for RM19. Find the markdown and rate of markdown rounded to the nearest tenth of a percent. (3 marks) 7. Josh sells a smart watch for RM1,699 is marked up 25% of the selling price (a) Calculate the cost. (2 marks) (b) Determine the percent of markup based on cost. (3 marks) 8. Rozel Sdn. Bhd. offers a couch set at a reduced price of RM2988 after a 15% markdown from the original price. Find the original price. (4 marks) -END OF QUESTIONS Thank you and good luck

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