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A trader sold a bag of sugar at Kshs.4000. The buyer was allowed a trade discount of 10%. If he pays the debt in two weeks...

A trader sold a bag of sugar at Kshs.4000. The buyer was allowed a trade discount of 10%. If he
pays the debt in two weeks and cash discount of 3% if payment is made within one month.
Calculate the amount the trader received if the buyer paid within 15days

Answers


Kavungya
Price => sh. 4000
Trade discount => 10 x 4000 ÷ 100
= 400
Net amount = 4000-400 = 3600
Cash discount =>3 x 3600 ÷ 100
Net amount paid = 3600
- 108
=3,492
Kavungya answered the question on April 3, 2019 at 08:38

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