Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 1 (a) (b) [20 MARKS] Green Danube sells an item for RM100 less 20% while Black Danube sells the same item for RM120 less
QUESTION 1 (a) (b) [20 MARKS] Green Danube sells an item for RM100 less 20% while Black Danube sells the same item for RM120 less 40%. (1) (ii) Find the net prices of the item for the two shops. (4 marks) What further discount percentage must be offered by the shop that sells at a higher net price in order to meet the competitor's prices? (3 marks) The net price of a machine listed as RM1,450 after deducting trade discounts of 13%, 10% and x% is RM1,078.58. Find (10) the value of x, (ii) the single discount that is equivalent to trade discounts given. (4 marks) (3 marks) (c) A retailer receives an invoice dated 20 June 2019 for RM3,500. This amount includes a handling charge of RM23. The trade discounts offered are 10%, 5% and the cash discount terms are 4/10, 2/20 and n/60. If the invoice is paid on 28 June 2019, find the amount paid. (6 marks)
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