A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 with cash terms 6/20, 4/30 and n/60 for the product listed at RM 16,450. The payment was made 20 days after the date of invoice. Calculate the: i) single discount rate equivalent to the given trade discounts, ii) amount of trade discounts received, iii) total payment made,

A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers. He sent an invoice dated 8 September 2009 with cash terms 6/20, 4/30 and n/60 for the product listed at RM 16,450. The payment was made 20 days after the date of invoice. Calculate the: i) single discount rate equivalent to the given trade discounts, ii) amount of trade discounts received, iii) total payment made,

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

A wholesaler gives trade discounts 20%, 10% and 5% to his regular customers.

He sent an invoice dated 8 September 2009 with cash terms 6/20, 4/30 and n/60

for the product listed at RM 16,450. The payment was made 20 days after the

date of invoice. Calculate the:

i) single discount rate equivalent to the given trade discounts,

ii) amount of trade discounts received,

iii) total payment made,

iv) last date to get the 6% cash discount.

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