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Mathematics
University
Trade and Cash Discount, Installment Purchases
10 questions
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- 1. Multiple Choice
Calculate the trade discount for 10 boxes of computer parts if the unit price is RM13.45 and a single trade discount of 30% is allowed.
RM403.50
RM4.04
RM40.35
RM40.40
- 2. Multiple Choice
Find the trade discount for 498 handbags if the unit is RM30.45 and a trade discount of 15% is allowed.
RM4.57
RM2,274.62
RM74.70
RM12,889.49
- 3. Multiple Choice
Find the net price of 500 umbrellas if the unit cost is RM6.50 and a trade discount of 12% is allowed.
RM2,860.00
RM440.00
RM3,900.00
RM3,250.00
- 4. Multiple Choice
Find the net price of 48 washing machines. Each machine costs RM287.50 and a trade discount of 8% is allowed.
RM3,524.00
RM264.00
RM4,791.67
RM12,696.00
- 5. Multiple Choice
Calculate the net price of a case of paper if there are 20 reams per case and each ream costs RM1.14. The trade discount is 4.5%.
RM0.05
RM1.03
RM21.77
RM22.80
- 6. Multiple Choice
Lisa wants to buy a television on a hire purchase agreement. The cash price of the television is
RM5 600. She is required to pay a deposit of 15%
and pay the remaining loan amount off over 24 months at an interest rate of 14% per annum
RM 5 600
RM 4 760
RM 860
RM 840
- 7. Multiple Choice
Mike buys a table costing RM6 400 on a hire purchase agreement. He is charged an interest rate of
15% per annum over 4 years.
How much will Mike pay in total?
RM11 240
RM 20 240
RM 12 400
RM 10 240
- 8. Multiple Choice
The television is priced at RM10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the additional amount to pay in 24 monthly after deposit is
RM14,248
RM13,248
RM11,248
RM10,248
- 9. Multiple Choice
Henry buys a designer furniture set at price of RM1200. He pays 25% deposit and interest in 36 months plus outstanding balance. The interest charged on balance is 12%. The total hire purchase price is
RM1,824
RM1,724
RM1,624
RM1,524
- 10. Multiple Choice
Angelique wants to buy a microwave on a hire purchase agreement. The cash price of the microwave is RM4 400. She is required to pay a deposit of 10% and pay the remaining loan amount off over 12 months at an interest rate of 9% per annum.
RM3960
RM4316.40
RM 4400
RM 4440
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