Ali received an invoice dated 21 March 2021 worth RM 450,000 for 100 units of laptops. The invoice was offered trade discounts of 8 % and 5 % and cash discount terms of 4/15,2/20, n/30. Ali plans to sell the laptop with the operating expenses are 5 % of the cost and he makes a 30 % net profit based on cost. a. Find the last date to settle the invoice. If Ali paid the invoice on 3 April 2021 in cash, determine the amount need to pay. b. Determine the selling price and breakeven price for each unit. с.
Ali received an invoice dated 21 March 2021 worth RM 450,000 for 100 units of laptops. The invoice was offered trade discounts of 8 % and 5 % and cash discount terms of 4/15,2/20, n/30. Ali plans to sell the laptop with the operating expenses are 5 % of the cost and he makes a 30 % net profit based on cost. a. Find the last date to settle the invoice. If Ali paid the invoice on 3 April 2021 in cash, determine the amount need to pay. b. Determine the selling price and breakeven price for each unit. с.
Chapter6: Business Expenses
Section: Chapter Questions
Problem 89TPC
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Question
![Ali received an invoice dated 21 March 2021 worth RM 450,000 for 100 units of laptops.
The invoice was offered trade discounts of 8 % and 5 % and cash discount terms of
4/15,2/20, n/30. Ali plans to sell the laptop with the operating expenses are 5 % of the cost
and he makes a 30 % net profit based on cost.
a.
Find the last date to settle the invoice.
If Ali paid the invoice on 3 April 2021 in cash, determine the amount need to pay.
b.
c.
Determine the selling price and breakeven price for each unit.
d.
Determine maximum markdown per cent that could be offered without incurring
any loss for each unit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12211c7a-1ef8-4f7b-83ac-5a531fa86245%2Fbd2eee37-f9b3-4643-ac12-540e282a4e80%2Fh85zyy_processed.png&w=3840&q=75)
Transcribed Image Text:Ali received an invoice dated 21 March 2021 worth RM 450,000 for 100 units of laptops.
The invoice was offered trade discounts of 8 % and 5 % and cash discount terms of
4/15,2/20, n/30. Ali plans to sell the laptop with the operating expenses are 5 % of the cost
and he makes a 30 % net profit based on cost.
a.
Find the last date to settle the invoice.
If Ali paid the invoice on 3 April 2021 in cash, determine the amount need to pay.
b.
c.
Determine the selling price and breakeven price for each unit.
d.
Determine maximum markdown per cent that could be offered without incurring
any loss for each unit.
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