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Final Exam Trade and Cash Discount
Final Exam Trade and Cash Discount
QUESTION 6
Lim received an invoice date 1 June 2020 for RM2500. This amount include a transportation
cost of RM50. The trade discounts offered are 10% and 6% and the cash discount terms
are 5/10, 3/20 and n/60. If the invoice is paid on 13 June 2020, find the amount paid.
(5 marks)