QUIZ: TRADE AND CASH DISCOUNT

A _____________ is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the reseller or customer.

• List Pricce

• Trade Discount

• Net Price

• Trade Discount Rate

Original Price: RM6,500

Trade Discount: RM1,200

Net Price: ?

• RM5,300

• RM7,700

• 18.46%

• 5.4%

Original Price: RM8,880

Trade Discount Rate: 20%

Net Price: ?

• RM10,656

• RM1,776

• RM7,104

• RM177,600

Let r1 and r2 be the chain discount rate,

r1: 15%

r2: 5%

Find the single discount rate,r: ?

• 20%

• 19.25%

• 57.5%

• 42.5%

Which of the following describe the cash term of 5/30?

• 5% discount is offered if payment is made after 30 days of the invoice date.

• 30% discount is offered if payment is made within 5 days of the invoice date.

• Customer can receive a 5 if pays within 30 days of the invoice date.

• Customer will get 5% cash discount if the bill is settled within 30 days of the invoice date.

Discount is ____________ from the price.

• added
• divided
• subtracted
• Ms. Golino is awesome

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

__________ is the final price paid for goods or services after subtracting any discount and any other costs:

• list price

• trade discount

• net price

• cash discount

Cash term _______ states that the buyer must pays the net amount within 30 days after the sales invoice date. After 30 days, additional fees would be applied.

• 3/30

• n/30

• 30/n

• < 30

After deducting the trade discount of RM436, the actual price paid for a refrigerator is RM3,490. What is the list price for the item?

• RM3,490

• RM3,926

• RM436

• RM3,054

An invoice of RM800, dated 20/9/2019 has the following terms: 15/10, 5/15 n/30. When is the last date for buyer to get 5% cash discount?

• 30/9/2019

• 14/10/2019

• 15/10/2019

• 30/10/2019