Accounting 0452 · IGCSE · Business documents

Business documents — practice question

A business offered goods at a list price of $50$ each. The trading terms were as follows: a trade discount for purchases of more than $20$ items: $10\%$; a cash discount if the customer pays within $30$ days: $4\%$. How much was received in full settlement from a customer who bought $25$ items and paid after $35$ days?

  • A$900$
  • B$1075$
  • C$1125$
  • D$1200$

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