Muzuba traders ordered the following good of 20 cases of Mazoe at k 150.00 per case 50 bales of softer tissue at k 50.00 per bale. they are given 10% trade discount and a further 5% cash discount if they pay within 7 day calculate the amount of cash discount they were offered
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Answer:
Due Dates of Bills :
⇒ 1st March 2012 + 2 months + 3 days = 4th May 2012
⇒ 10th March 2012 + 3 Months + 3 days = 13th June 2012
⇒ 5th April 2012 + 2 Months + 3 days = 8th June 2012
⇒ 20th April + 1 Month + 3 days = 23rd May 2012
⇒ 10th May 2012 + 2 Months + 3 days = 13th July 2012.
⇒ Here, we are taking 4th May 2012 as base date.
DueDate Amount No.ofdaysfrom
4thMay2012 Product
4th May 2012 400 0 0
13th June 2012 300 40 12000
8th June 2012 200 35 7000
23rd May 2012 375 19 7125
13th July 2012 500 70 35000
Total 1775 61125
⇒ AverageDueDate=BaseDate+
TotalAmount
TotalofProducts
⇒ AverageDueDate=4thMay2012+
1775
61125
⇒ AverageDueDate=4thMay2012+34days
∴ AverageDueDate=June07,2012
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