Question

a. John receives an invoice for the purchase of 40 batteries for 8,440 on 31 March 2019. Trade discounts are 5 % and 3 % and the cash discount terms are 8/10, 5/30, /60. He pays the invoice on 19 April 2019. He plans to sell the batteries by allowing 10 % of the cost for operating expenses and 28 % of the selling price for net profit. i. Calculate the payment on 19 April 2019. ii. Determine the selling price for each battery. b. A retailer buys a set of plates for 320. Operating expenses incurred during the sale of these plates are 8 % of the cost price. If the retailer makes a 25 % net profit based on selling price, find the: i. selling price ii. gross profit iii. net profit iv. breakeven price v. maximum markdown that could be offered to customers so that there is no profit and loss. vi. net profit or loss if the new selling price is 400. c. A washing machine selling for 600 cash was purchased through an instalment plan in which a 15 % down payment was made. The buyer had to make 25 weekly payments of 22 each to settle the balance. Calculate the: i. instalment price ii. total interest charged iii. flat rate that was charged iv. APR that was charged

Answer 1

Answer:

120000

Step-by-step explanation:

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Answer 2

I hope you are understand