BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kinabalu store offers discount of 12% on A4 paper it sells that is advertised at RM14 RM 14 is ____
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Net Price (NP)
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List Price (LP)
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Trade Discount (TD)
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Cash Discount (CD)
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Explanation:
Detailed explanation-1: -Trade discounts are usually based on the list price (catalogue price). Sales are recorded based on net price. Net price = List price – Trade discount.
Detailed explanation-2: -A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a reseller, rather than to the end customer.
Detailed explanation-3: -Trade discount is given on the list price or retail price of the goods.
There is 1 question to complete.