A retailer bought 10 mowing machines at rm888 each.He was offered trade discount of 10%,5% and the credit terms were 4/10,n/30.He also had to pay rm60 for transportation costs.Later,he sold these machines with a markup of 30% on selling price.For each machine,the net profit obtained was rm95.Find the total payment made for all the machines ten days from the date of the invoice.
You know, that is a really good question.
provision for discount received
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
Price paid after the discount is subtracted is called the discount price. This is also commonly referred to as the net price.
What is the basis of prompt payment discount for sales with trade off invoice discounts? Is it before off invoice discount or after the off invoice discount?
well always check the bottom piece because it can be rip so if u see it u get a discount
retailingwhat is retailing,its advantages,who are the players in retailing,is there any rules and regulations to run retailing according to government,did foreign players enter into India directly? what are the benefits of retailing?
future of retailing
What Retailing Industry?
vending, direct retailing, direct marketing, electronic retailing
what is value added retailing
Fast Retailing was created in 1963.
wheel of retailing
George Dayton took credit for but the real founder and genius behind the concept of discount retailing was John F. Geisse. Geisse had the idea, built it and was its first CEO.
what is the diference between merchandising and retailing
The Wheel of Retailing is an interesting phenomenon that has observed the tendency of retail stores to progressively add to their services. These services are normally motivated and influenced by consumer desires and aimed to increase consumer satisfaction as well as profits. Many stores have begun as discount retailers but have gradually added services in response to consumer demand.