Mathematics in retailing

Answer 1

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.

Answer 2

Differences between trade discount and cash discount