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2. A starting fast-food restaurant wants to take advantage of the economies of scale to lower down its costs. It purchases raw materials in volume to receive as much discount as possible. A large meat shop is giving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 per kilogram. How much will the fast-food restaurant pay for buying 350 kilograms of beef meat considering the discount offered?

2. A starting fast-food restaurant wants to take advantage of the economies of scale to lower down its costs. It purchases raw materials in volume to receive as much discount as possible. A large meat shop is giving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 per kilogram. How much will the fast-food restaurant pay for buying 350 kilograms of beef meat considering the discount offered?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please answer question no. 2

C. Multiple Trade Discount 1. An item listed for Php 4 000 has been given trade discounts of 30%, 20%, and 10% by the manufacturer. What single trade discounts rate is equivalent to this series of discounts? 2. A starting fast-food restaurant wants to take advantage of the economies of scale to lower down its costs. It purchases raw materials in volume to receive as much discount as possible. A large meat shop is giving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 per kilogram. How much will the fast-food restaurant pay for buying 350 kilograms of beef meat considering the discount offered?
Transcribed Image Text:C. Multiple Trade Discount 1. An item listed for Php 4 000 has been given trade discounts of 30%, 20%, and 10% by the manufacturer. What single trade discounts rate is equivalent to this series of discounts? 2. A starting fast-food restaurant wants to take advantage of the economies of scale to lower down its costs. It purchases raw materials in volume to receive as much discount as possible. A large meat shop is giving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 per kilogram. How much will the fast-food restaurant pay for buying 350 kilograms of beef meat considering the discount offered?
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