QUESTION 1 a) ABC Company Sdn. Bhd. received an invoice of RM35,000 dated 24 May 2020 with trade discounts of 20%, 15% and cash discount term of 8/15, 5/20, n/30. The transportation cost was RM200. Find: i) the single discount equivalent rate to the trade discounts given. ii) the total amount of payment if the payment was made on 10 June 2020. b) An online seller bought 100 boxes of face mask for RM5 each. The operating expenses incurred was 15% of the selling price. The seller wants to resell the face mask at a net profit of 19% based on cost per box. i) Find the total selling price. ii) What is the maximum percentage of mark down that could be offered without incurring any loss?
QUESTION 1 a) ABC Company Sdn. Bhd. received an invoice of RM35,000 dated 24 May 2020 with trade discounts of 20%, 15% and cash discount term of 8/15, 5/20, n/30. The transportation cost was RM200. Find: i) the single discount equivalent rate to the trade discounts given. ii) the total amount of payment if the payment was made on 10 June 2020. b) An online seller bought 100 boxes of face mask for RM5 each. The operating expenses incurred was 15% of the selling price. The seller wants to resell the face mask at a net profit of 19% based on cost per box. i) Find the total selling price. ii) What is the maximum percentage of mark down that could be offered without incurring any loss?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Part b, please help to solve asap. Thanks
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