A purchasing Department purchased the following items at the given list prices & trade discounts

Accounting Nov 30, 2020

A purchasing Department purchased the following items at the given list prices & trade discounts. Items Number purchased Price per item (RM)Trade discount Staplers 30 4.90 5% Files 4 quintets 1.25 6% Pen 50 2.95 9% Calculate the total net price of the items purchased.

Expert Solution


			A	B	C=A*B	(A-C)
Items	Raw Material	No of Items	Raw Material	Trade Discount	Discount Amount	Net Purchase Cost
Staplers	4.9	30	147.00	5%	7.350	139.650
Flies	1.25	4	5.00	6%	0.300	4.700
Pen	2.95	50	147.50	9%	13.275	134.225
					Total	278.575

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