Question

3. The net price of a table is RM1,600.A trade discount of 10% is offered. Find the list price.

5. Mariam paid RM239.29 for a bag that was offered a chain discount of 15% and 8%.What was the list price of the bag?

7. Kinta Trading sells an item for RM90 less 25% and 10%.Softee Trading sellsthe same item for RM100 less 30%.

(a)Find the net prices of the item for the two companies.
(b) What additional discount percentage must be offered by the company that sells at a higher net price in order to meet the competitor's price?

10. The list price of a digital camera is RM1,500. After deducting a trade discountof 10%and y%,the net price is RM1,250. Find

(a)the value of y,and
(b)the single equivalent discount rate.

13. The total trade discount for an item after x% and 5% is RM174. If the list price is RM1,400,find the net price and x.

18. An invoice of RM2,500 dated 20 February 2015 has cash discount terms of 5/10,n/30.

(a)What is the last day to pay in order to receive the 5% cash discount?
(b)Find the net payment if the invoice was settled on 1 March 2015.

19.Zaki received an invoice of RM1,280 with cash discount terms of 10/5, 6/10,
n/30.If he paid the invoice three days after the date of the invoice,what isthe payment amount?

23.On 28 April 2015,a retailer received an invoice and the
list prices of the
goods bought are as follows.

Drink
RM460.00
Frozen food
RM230.00
Equipment
RM780.00

Transportation fee was RM90. The trade discounts given were 10%,5%andthe cash discount terms were 4/7, 3/15, n/30.

(a)Calculate the single trade discount that is equivalent to the tradediscounts given.
(b)Find the total payment if the retailer decides to settle the invoice on10 May 2015.

25. A retailer received an invoice of RM850.The invoice dated 18 March 2015 offered cash discount terms of 6/10,2/15,n/30.After inspecting the goods.
the retailer sent back spoilt goods valued at RM250.What was the paymentif the invoice was paid on 30 March 2015?

28,An invoice of RM6,000,which includes a freight cost of RM80,gives cashdiscount terms of 2/10,n/30.Find the amount to be paid within the cashdiscount period.

32.The net price of a product after allowing trade discounts of 25% and 15% was RM720. Find the

(a)list price of the product.
(b)amount to be paid if the invoice with cash terms of 3/5,n/30 was paidfour days after the date of the invoice.

33. An invoice of RM15,000 dated 16 February 2015 was offered 6%trade discount and cash discount terms of 5/10,n/30.Find the net invoice priceif the invoice was paid on 28 February 2015.

35. An invoice of RM35,748 was dated 15 March 2015.the invoice has a trade discount offer of 15% and 10% and cash discount terms of 10/15,5/25,n/40

(a)Find the net price after allowing for trade discount.
(b)If the invoice was paid on 29 March 2015, find the payment.


37.An invoice of RM3,200 dated 20 February 2015 has cash discount terms of 4/10,n/30.

(a)When is the last day to pay in order to obtain the 4%cash discount?
(b)Find the net payment if the invoice was settled on 1 March 2015.

Answer 1

Answer 3.

List Price= Net Price/(1-Trade Discount%)

= RM1600/0.90= RM1777.77

Answer 5.

List price of the bag =Net Price/(1-Trade Discount%)

=RM 239.29/.85=RM 281.52

=RM 281.52/.92= RM 306

Answer 7.

(a) Net Price of the both the companies

Kinta Trading= RM 90- (90*.25)=RM 67.5

RM 67.5-(67.5*.10)=RM 60.75

Softee Trading = RM 100-(100*.300= RM 70

(b) Addition discount offered by softee Trading= 70-60.75/70*100=13.21%

Answer 10.

List Price of Camera= RM 1500

net Price after first discount @10%= 1500-(1500*.10)=RM 1350

(a) Calculation of 'Y%'= 1350-1250/1350=7.40%

(b) Calculation of Single Discount Rate= 1500-1250/1500=16.67%

Answer 13.

Net Price=RM 1400-174=RM 1226

list Price before 5% discount= 1226/.95=1290.53

Calculation of 'X%' = 1400-1290.53/1400=7.82%

Answer 18.

(a) 5% discount is available only if payment is made within 10 days

so last day to pay in order to receive the 5% cash discount will be 2nd March 2015

(b) the invoice was settled on 1 March 2015 so it is eligible for 5 % discount

so net payment will be= RM 2500-2500*.05=RM 2375

Answer 19.

he paid the invoice three days after the date of the invoice so he is entitled to get 10%

the payment amount will be = RM 1280-1280*.10=RM 1152

Answer 37.

(a) 4% discount is available only if payment is made within 10 days

so last day to pay in order to receive the 4% cash discount will be 2nd March 2015

(b) the invoice was settled on 1 March 2015 so it is eligible for 4 % discount

so net payment will be= RM 3200-3200*.04=RM 3072

Answer 35.

(a) List price after trade discount= RM 35748-35748*.15=RM 30385.80

(b)  the invoice was paid on 29 March 2015, the payment will be = RM 30385.8-30385.8*.10=RM 27347.22

Answer 33.

net invoice price if the invoice was paid on 28 February 2015

After deducting Trade Discount= RM 15000-15000*.06=RM 14100

it is not eligible for Cash Discount as payment is made after 10 days of invoice so net invoice price would be RM 14100

Answer 32.

a) list price of the product= RM 720/.85=RM 847.06

RM 847.06/.75=RM 1129.41

b) amount to be paid if the invoice with cash terms of 3/5,n/30 was paid four days after the date of the invoice would be same as RM 720 because payment is made after 3 days