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Question 1 A housewife bought 30 Thai silk baju kurung for her own business listed at RM6,000 with trade discount of 15% and 10%. Assume
Question 1 A housewife bought 30 Thai silk baju kurung for her own business listed at RM6,000 with trade discount of 15% and 10%. Assume that operating expenses were 3% on cost. If she sold that baju kurung at a net profit of 25% based on cost, find, a) the amount paid by the housewife b) the selling price for each baju kurung c) the breakeven price for each baju kurung d) the maximum percentage of markdown that can be offered without incurring a loss. (10 Marks) Question 2 A retailer received an invoice dated 21st April 2023 for RM3,325. It was offered trade discounts of 20%, 10% and cash discounts 3/15, 2/20, n/45. If the payment was made 2 weeks after the date of the invoice, find: a) the single discount equivalent to the trade discounts given. b) the amount of trade discount. c) the amount of payment. Question 3 (7 Marks) Suryati received 40 pairs of sport shoes from a manufacturer with discounts of 6%, 5% and 1%. The invoice dated 28th January 2022 has cash discount terms of 4/10, 3/20, n/30. The total list price was RM1,950. Find the total payment if the payment was made on 8th February 2022. (3 Marks)
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