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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.
Wan Fatihah
Blaze Welch
Wiki User
∙ 15y agoDifferences between trade discount and cash discount
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