Accounting 0452 · IGCSE · Business documents

Business documents — practice question

Tumelo supplies goods on credit. The trading conditions are shown below. List price: $200 per unit Credit period: 60 days Trade discount: 15% if 10 units or more are purchased Cash discount: 3% if the debt is paid within one month A credit customer bought 20 units and settled the debt within 15 days. What was the total of the invoice?

  • A$3298
  • B$3400
  • C$3880
  • D$4000

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