Accounting 0452 · IGCSE · Business documents

Business documents — practice question

Tumelo sells goods on credit, and the terms of trade are shown below. list price: $200 per unit credit period: 60 days trade discount: 15% when 10 units or more are bought cash discount: 3% if the debt is settled within one month A credit customer bought 20 units and cleared the debt after 15 days. What was the total of the invoice?

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

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