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Discount

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Discount

  • This topic has 5 replies, 2 voices, and was last updated 1 year ago by AvatarJohn Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • March 22, 2025 at 10:47 am #716302
    AvatarM.Haris
    Participant
    • Topics: 31
    • Replies: 14
    • ☆

    Bert offers a 2% discount to his credit customers if payment is made within 20 days of purchase. Additionally, a trade discount of 10% of standard selling price is given if more than 100 units are purchased in one month. List price is $60 per unit. A customer buys 120 units in September and was expected to take advantage of the settlement discount. The customer pays 15 days later.

    What is the total discount that the customer will receive?

    $129.60

    $849.60

    $141.60

    $144.00
    My question is will we add trade discount aswell as total discount is asked or only settlement discount of 129.60

    March 22, 2025 at 5:28 pm #716307
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    Yes – they bought more than 100 units and therefore they will get the trade discount of 10%

    March 23, 2025 at 8:01 pm #716328
    AvatarM.Haris
    Participant
    • Topics: 31
    • Replies: 14
    • ☆

    So the answer will be 849.60?

    March 24, 2025 at 9:19 am #716333
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    Yes it will. Is that not the answer that is given in your book?

    March 24, 2025 at 11:18 am #716336
    AvatarM.Haris
    Participant
    • Topics: 31
    • Replies: 14
    • ☆

    Thankyou for your reply today I attempted my paper and got 83%

    March 25, 2025 at 5:45 pm #716355
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    That is great ?

    Congratulations on getting such a high mark!

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • The topic ‘Discount’ is closed to new replies.

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