Accounting – 2.3 Books of prime entry | e-Consult
2.3 Books of prime entry (1 questions)
Login to see all questions.
Click on a question to view the answer
Statement of Calculations
| Item | Calculation | Amount |
| Original Price | £500 | £500 |
| Trade Discount (30%) | 30% of £500 = 0.30 x £500 = £150 | £150 |
| Price After Trade Discount | £500 - £150 = £350 | £350 |
| Cash Discount (10%) | 10% of £350 = 0.10 x £350 = £35 | £35 |
| Final Amount Payable | £350 - £35 = £315 | £315 |
Therefore, the retailer should pay £315.