Kando limited received an invoice from a supplier for K28500. The terms of payment offered were a 5% cash…

Question

Kando limited received an invoice from a supplier for K28500. The terms of payment offered were a 5% cash discount if she pay paid within 20 days and 10% cash discount if she paid within 15 days. How much will Kando pay if she paid within 15 days?

ScanSolve AI Tutor · Accepted Answer

Step 1: Identify the applicable discount rate. The problem states that Kando Limited will receive a 10% cash discount if they pay within 15 days. Since they paid within 15 days, this is the discount rate to use. Step 2: Calculate the discount amount. The original invoice amount is K28,500. The discount is 10% of this amount. Discount amount = Invoice amount × Discount rate; Discount amount = K28,500 × 10%; Discount amount = K28,500 × 0.10; Discount amount = K2,850 Step 3: Calculate the amount Kando Limited will pay. Subtract the discount amount from the original invoice amount. Amount to pay = Invoice amount − Discount amount; Amount to pay = K28,500 − K2,850; Amount to pay = K25,650 Kando Limited will pay K25,650. K25,650

Kando limited received an invoice from a supplier for K28500. The terms of payment offered were a 5% cash discount if she pay paid within 20 days and 10% cash discount if she paid within 15 days. How much will Kando pay if she paid within 15 days?

Answer

Step-by-step solution

Identify the applicable discount rate.

Calculate the discount amount.

Calculate the amount Kando Limited will pay.

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