The following figures are an extract from a statement of account dated 31 March. It has been received by WW Computers from one of its suppliers. [Table showing: balance due $20000, cash discount 5%: 14 days, trade discount 20%] If WW Computers settles the account on 20 April, how much would the company pay?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
✓ Correct answer
A: $16000
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Finance and see which topics are most likely to come up next.
Sign up free →