1. A trading firm traded their brand-new computers with a margin of 65% based on their cost. One computer is tagged at P75, 950. What is the percent margin based on cost? 2. An invoice dated June 27 for P20, 850 carried a cash discount of 5/30. If this invoice is paid on July 25, how much should be the payment?

1. A trading firm traded their brand-new computers with a margin of 65% based on their cost. One computer is tagged at P75, 950. What is the percent margin based on cost? 2. An invoice dated June 27 for P20, 850 carried a cash discount of 5/30. If this invoice is paid on July 25, how much should be the payment?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 8P: If a firm buys on terms of 3/15, net 45, but actually pays on the 20th day and still takes the...

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