A trader received an invoice for $4,000 less 25% trade discount. Subsequently he returned one eighth of the goods. What amount would be entered in his Returns Outwards Account?
Mathematics
The marked price of a bicycle was $260. A man bought the bicycle on hire-purchase by making a down payment of $100, and twelve monthly payments of $16 each. How much could he have saved if he had bought the bicycle for the marked price?
