On 1 October 2020, ABC Limited sold three machines to a customer for a total amount...

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On 1 October 2020, ABC Limited sold three machines to a customer for a total amount of R 1 900 000 Included in the sales contract are 1-year warranties for all three of the machines. A warranty for each of these machines may cost R 20 000 to obtain. The customer received a trade discount of 10 % for both tractors. ABC Limited awards a settlement discount of 6% to any customer who settles their account in full within 30 days of making a purchase. This particular customer often buys machinery from ABC Limited and based on past dealings with the customer ABC Limited expects that the customer will settle their account within 30 days. The customer settled their account in full on 3 November 2020. Calculate the transaction price for the transaction. 01596 000 O 1 900 000 01710 000 O 1960 000 On 1 October 2020, ABC Limited sold three machines to a customer for a total amount of R 1 900 000 Included in the sales contract are 1-year warranties for all three of the machines. A warranty for each of these machines may cost R 20 000 to obtain. The customer received a trade discount of 10 % for both tractors. ABC Limited awards a settlement discount of 6% to any customer who settles their account in full within 30 days of making a purchase. This particular customer often buys machinery from ABC Limited and based on past dealings with the customer ABC Limited expects that the customer will settle their account within 30 days. The customer settled their account in full on 3 November 2020. Calculate the transaction price for the transaction. 01596 000 O 1 900 000 01710 000 O 1960 000