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- 1. Multiple Choice
A _____________ is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the reseller or customer.
List Pricce
Trade Discount
Net Price
Trade Discount Rate
- 2. Multiple Choice
Original Price: RM6,500
Trade Discount: RM1,200
Net Price: ?
RM5,300
RM7,700
18.46%
5.4%
- 3. Multiple Choice
Original Price: RM8,880
Trade Discount Rate: 20%
Net Price: ?
RM10,656
RM1,776
RM7,104
RM177,600
- 4. Multiple Choice
Let r1 and r2 be the chain discount rate,
r1: 15%
r2: 5%
Find the single discount rate,r: ?
20%
19.25%
57.5%
42.5%
- 5. Multiple Choice
Which of the following describe the cash term of 5/30?
5% discount is offered if payment is made after 30 days of the invoice date.
30% discount is offered if payment is made within 5 days of the invoice date.
Customer can receive a 5 if pays within 30 days of the invoice date.
Customer will get 5% cash discount if the bill is settled within 30 days of the invoice date.
- 6. Multiple ChoiceDiscount is ____________ from the price.addeddividedsubtractedMs. Golino is awesome
- 7. Multiple Choice
__________ is the final price paid for goods or services after subtracting any discount and any other costs:
list price
trade discount
net price
cash discount
- 8. Multiple Choice
Cash term _______ states that the buyer must pays the net amount within 30 days after the sales invoice date. After 30 days, additional fees would be applied.
3/30
n/30
30/n
< 30
- 9. Multiple Choice
After deducting the trade discount of RM436, the actual price paid for a refrigerator is RM3,490. What is the list price for the item?
RM3,490
RM3,926
RM436
RM3,054
- 10. Multiple Choice
An invoice of RM800, dated 20/9/2019 has the following terms: 15/10, 5/15 n/30. When is the last date for buyer to get 5% cash discount?
30/9/2019
14/10/2019
15/10/2019
30/10/2019
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