TRIAL FINAL MAT1013

The net price of a bedroom set with 40%, 20% and 10% discount is RM1980. What is the list price? (4 marks)

The amount of RM1200, which includes a service charge of RM100, is offered a chain discount of 15%, 10% and 5%. Find the amount to be paid after the discounts. (4 marks)

A woman's handbag has a list price of RM300. During a mega sale a 40% discount is offered followed by a 10% discount. Find the net price of the handbag. (4 marks)

Seng Seng Sdn Bhd received an invoice dated 21 April 2017 worth RM7000. The invoice was offered a trade discount on 10% and cash discount terms of 5/10, 3/10 and n/30. Find

i) The price after trade discount.

ii) The net price if the invoice was paid on 7 May 2017.

(8 marks)

The cost price of laptop is RM5000. What is the retail price if the seller wants a 20% mark up based on cost price? (4 marks)

A dress that originally sold for RM40 was marked down to RM32. What was the mark down rate? (4 marks)

An automobile dealer sells a car for RM20,000. It costs him RM16,000 to buy this car and get it ready for sale. What is the dealer's mark up percent based on the selling price? (4 marks)

A sporting goods retailer purchases a dozen pair of running shoes for RM75 per pair. The buying expenses amount to RM5. If the operating expenses based on cost price and net profit based on retail price are 10% and 15% respectively, what is

i) the retail price

ii) the breakeven price

iii) maximum reducing in price that retailer could offer so that there is no loss or profit. (8 marks)

Maria borrows RM3,700 at 8% discount rate for 90 days. What is the discount amount. (4 marks)

Harris discounted a note of 20 days for a proceeds of RM3000. If the maturity value of the note is RM3020, find the discount rate charged. (4 marks)