a) A thermomix is advertised at RM8000 less 40%, 12% and 2.5%. Find the net price. b) Saira, a furniture shop owner, buys a new set of furniture worth $8,260. She received an invoice dated 26 October 2021 with trade discounts of 7%, 2% an is offered cash discount terms 3/15, 2/30, n/60. i. Calculate the single discount equivalent to the trade discounts given. ii. Calculate the last day to receive the 2% cash discount. iii. Determine the total amount due if Saira pays the invoice on 17 November 2021. iv. If she pays $4,000 on 3 November 2021, how much is the balance due before the credit term ends?
a) A thermomix is advertised at RM8000 less 40%, 12% and 2.5%. Find the net price. b) Saira, a furniture shop owner, buys a new set of furniture worth $8,260. She received an invoice dated 26 October 2021 with trade discounts of 7%, 2% an is offered cash discount terms 3/15, 2/30, n/60. i. Calculate the single discount equivalent to the trade discounts given. ii. Calculate the last day to receive the 2% cash discount. iii. Determine the total amount due if Saira pays the invoice on 17 November 2021. iv. If she pays $4,000 on 3 November 2021, how much is the balance due before the credit term ends?
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
Related questions
Question
![a) A thermomix is advertised at RM8000 less 40%, 12% and 2.5%. Find the net price.
b) Saira, a furniture shop owner, buys a new set of furniture worth $8,260. She received
an invoice dated 26 October 2021 with trade discounts of 7%, 2% an is offered cash
discount terms 3/15, 2/30, n/60.
i.
Calculate the single discount equivalent to the trade discounts given.
Calculate the last day to receive the 2% cash discount.
Determine the total amount due if Saira pays the invoice on 17 November
2021.
iv.
If she pays $4,000 on 3 November 2021, how much is the balance due before
the credit term ends?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa48bd576-610e-415d-a4a8-6997ca084f35%2F7926fd67-8975-4c20-afff-fcbc8facb60f%2Fvm5ahdh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a) A thermomix is advertised at RM8000 less 40%, 12% and 2.5%. Find the net price.
b) Saira, a furniture shop owner, buys a new set of furniture worth $8,260. She received
an invoice dated 26 October 2021 with trade discounts of 7%, 2% an is offered cash
discount terms 3/15, 2/30, n/60.
i.
Calculate the single discount equivalent to the trade discounts given.
Calculate the last day to receive the 2% cash discount.
Determine the total amount due if Saira pays the invoice on 17 November
2021.
iv.
If she pays $4,000 on 3 November 2021, how much is the balance due before
the credit term ends?
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