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Syed and Hana a newlywed bought furniture sets for their new house and received an invoice a follows on the 24th of May 2021 purchased. There was RM150 transportation charged to deliver the furniture set to their house. ITEMS Bedroom Set Dining Set Leather Sofa PRICE RM 5200 RM 3900 RM 4200 Since they bought few items then the seller gave them some special discounts of 10% and X% and the cash discount terms were 8/15, 5/20, n/30. Based on the given information: Explain the cash discount terms of 8/15,5/20, n/30. a) b) Determine the last date to receive 8% and 5% cash discount. c) If the payment was made on the 11th of June 2021 is RM 10952.93, find the value of x. d) Calculate the single discount poubualent rate to the trade discounts given

Syed and Hana a newlywed bought furniture sets for their new house and received an invoice a follows on the 24th of May 2021 purchased. There was RM150 transportation charged to deliver the furniture set to their house. ITEMS Bedroom Set Dining Set Leather Sofa PRICE RM 5200 RM 3900 RM 4200 Since they bought few items then the seller gave them some special discounts of 10% and X% and the cash discount terms were 8/15, 5/20, n/30. Based on the given information: Explain the cash discount terms of 8/15,5/20, n/30. a) b) Determine the last date to receive 8% and 5% cash discount. c) If the payment was made on the 11th of June 2021 is RM 10952.93, find the value of x. d) Calculate the single discount poubualent rate to the trade discounts given

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 8FPE
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QUESTION 2 Syed and Hana a newlywed bought furniture sets for their new house and received an invoice as follows on the 24th of May 2021 purchased. There was RM150 transportation charged to deliver the furniture set to their house. ITEMS Bedroom Set Dining Set Leather Sofa PRICE RM 5200 RM 3900 RM 4200 Since they bought few items then the seller gave them some special discounts of 10% and X% and the cash discount terms were 8/15, 5/20, n/30. Based on the given information: Explain the cash discount terms of 8/15, 5/20, n/30. a) b) Determine the last date to receive 8% and 5% cash discount. c) If the payment was made on the 11th of June 2021 is RM 10952.93, find the value of x. d) Calculate the single discount equivalent rate to the trade discounts given. e) If the payment was made on the 5th of June 2021, find the total payment.
Transcribed Image Text:QUESTION 2 Syed and Hana a newlywed bought furniture sets for their new house and received an invoice as follows on the 24th of May 2021 purchased. There was RM150 transportation charged to deliver the furniture set to their house. ITEMS Bedroom Set Dining Set Leather Sofa PRICE RM 5200 RM 3900 RM 4200 Since they bought few items then the seller gave them some special discounts of 10% and X% and the cash discount terms were 8/15, 5/20, n/30. Based on the given information: Explain the cash discount terms of 8/15, 5/20, n/30. a) b) Determine the last date to receive 8% and 5% cash discount. c) If the payment was made on the 11th of June 2021 is RM 10952.93, find the value of x. d) Calculate the single discount equivalent rate to the trade discounts given. e) If the payment was made on the 5th of June 2021, find the total payment.
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