O-LevelCommerceFinance7100/12 · May/June 2023 · Q111 Mark
On 2 November 2022, a sports retailer purchased sports clothing for $800 from a manufacturer on the following credit terms. trade discount 25%, cash discount 5% 30 days. If payment was made in full on 27 November 2022, how much was paid?
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A$200
B$570
C$600
D$760
✓ Correct answer
B: $570
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