The transportation cost is RM400. The company received trade discounts of 10% and 15% and cash discount terms of 4/10, n/30. No use excel. Calculate: a) the single discount rate equivalent to the given trade discounts (23.5%) b) the last date to get the 4% cash discount (24" June 2006) c) the amount of trade discount received (RM1292.50)
The transportation cost is RM400. The company received trade discounts of 10% and 15% and cash discount terms of 4/10, n/30. No use excel. Calculate: a) the single discount rate equivalent to the given trade discounts (23.5%) b) the last date to get the 4% cash discount (24" June 2006) c) the amount of trade discount received (RM1292.50)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The transportation cost is RM400. The company received trade discounts of 10% and
15% and cash discount terms of 4/10, n/30. No use excel. Calculate:
a)
the single discount rate equivalent to the given trade discounts (23.5%)
b)
the last date to get the 4% cash discount (24" June 2006)
c)
the amount of trade discount received (RM1292.50)
Transcribed Image Text:3. On 14 June 2006, GG Truck Company received an invoice for the following items.
Item
Quantity
List Price Per Unit (Rm)
Туre
110
Battery
12
160
Sport ream
15
180
1004
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