tems. Item Quantity List Price Per Unit (RM) Tire 12 370 Battery 15 210 Sport Rim ? 140 The transportation cost is RM320 and the handling charge is RM130. The company received rade discounts of y% and 15% and cash discount terms of 3/10, 5/20 and n/30.

tems. Item Quantity List Price Per Unit (RM) Tire 12 370 Battery 15 210 Sport Rim ? 140 The transportation cost is RM320 and the handling charge is RM130. The company received rade discounts of y% and 15% and cash discount terms of 3/10, 5/20 and n/30.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

On 10th Feb 2020, Mumtaz Car Company received an invoice of RM8,710 for the following
items.
Item
Quantity
List Price Per Unit (RM)
Tire
12
370
Battery
15
210
Sport Rim
?
140
The transportation cost is RM320 and the handling charge is RM130. The company received
trade discounts of y% and 15% and cash discount terms of 3/10, 5/20 and n/30.
b) Calculate the value of y if the total payment RM 7,013.26 was made a week after the
date of invoice.

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