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QUESTION 1 a. An invoice of RM 10,000 including service charges RM 500 dated 26 June 2020 was offered 15% and 7% trade discounts and cash discount terms of 5/30, n/60. i. Calculate the net payment if it was settled on 29 July 2020. ii. Find the outstanding balance if RM 5,000 was paid on 20 July 2020.

QUESTION 1 a. An invoice of RM 10,000 including service charges RM 500 dated 26 June 2020 was offered 15% and 7% trade discounts and cash discount terms of 5/30, n/60. i. Calculate the net payment if it was settled on 29 July 2020. ii. Find the outstanding balance if RM 5,000 was paid on 20 July 2020.

Advanced Engineering Mathematics
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 1 a. An invoice of RM 10,000 including service charges RM 500 dated 26 June 2020 was offered 15% and 7% trade discounts and cash discount terms of 5/30, n/60. i. Calculate the net payment if it was settled on 29 July 2020. ii. Find the outstanding balance if RM 5,000 was paid on 20 July 2020.
Transcribed Image Text:QUESTION 1 a. An invoice of RM 10,000 including service charges RM 500 dated 26 June 2020 was offered 15% and 7% trade discounts and cash discount terms of 5/30, n/60. i. Calculate the net payment if it was settled on 29 July 2020. ii. Find the outstanding balance if RM 5,000 was paid on 20 July 2020.
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