On 22nd April 2014 ,Moses received an invoice for sh 400,000.Terms of payment were trade discount 2% and cash discount 5%,3% and 1% .If payment...

      

On 22nd April 2014 ,Moses received an invoice for sh 400,000.Terms of payment were trade discount 2% and cash discount 5%,3% and 1% .If payment was to be met within 1,2 or 3 months respectively .Calculate the amount paid if the payment was made on 16th July 201

  

Answers


john
.Trade discount 2/100x400,000=8,000
400,000-8000=392,000
-cash discount 1/100x392,000=3920
-Amount paid 392,000-3920=sh.388,080.00
john3 answered the question on October 1, 2017 at 14:28


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