Kimiso:
Leave it to the ancestors to answer it for you

NotBeenPaid:

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OP I no well [img]https:///media/4-10-2020/6WvO_Q.gif[/img]

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dave601:
Wow, 200+ views; got only funny comments so far.

I understand it's a rather searching question, but pls share your thoughts or workings if you can.

Thanks.

Educonomist:

Hold on.........

dave601:


Thanks

Educonomist:


I got 7.15%..
I'm rechecking d working

dave601:


Oh, okay... Thanks for taking the time. I'm sorry, but pls snap and post your working if possible.

Many thanks.

Educonomist:

I resolved it,, I got 5.38%

Educonomist:

I resolved it,, I got 5.38%

dave601:


Okay... Nice. I really appreciate you for taking your time.

Pls I'd like to see your workings.

dave601:


Wow, thanks a lot friend. I'll go through it.

Btw, pls take note of my moniker. I'm an educationist; who knows, I might be of help too later.

Many thanks.

dave601:
I'll appreciate if anyone could solve this for me pls...

Thanks in anticipation.

NDSMELODY:
check this

Educonomist:

No problem,, I'm also an Educationist in making,,, Edu&Econs

dave601:
Thanks Educonomist and NDSMELODY... The phrase "on any cash purchase per year" made me think the 15% discount would just be ignored or something, since the distributors didn't make full cash purchase (I mean, they didn't pay in full).

Do you have any thoughts, pls?

NDSMELODY:
the discount cannot be ignore because that is the reduction rate of the good they bought even if they didn't make full cash payment....this is my thought though

dave601:
Thanks Educonomist and NDSMELODY... The phrase "on any cash purchase per year" made me think the 15% discount would just be ignored or something, since the distributors didn't make full cash purchase (I mean, they didn't pay in full).

Do you have any thoughts, pls?

dave601:
Thanks Educonomist and NDSMELODY... The phrase "on any cash purchase per year" made me think the 15% discount would just be ignored or something, since the distributors didn't make full cash purchase (I mean, they didn't pay in full).

Do you have any thoughts, pls?

Educonomist:

When you observe the statement,, there's " cash purchase" and "cash payments". The cash purchase for X n Y are 1.25 million and 2.5million and cash payments of N550k and 3 quarters respectively. The 15% discount can't be ignored and it's on the cash purchase on any year. The balance (which is the discounted cash purchase minus the actual cash payments) don't have much effect here as the profit for that year would be from the total amount of sales realized(net income/revenue) minus the cost of production

dave601:
I'll appreciate if anyone could solve this for me pls...

Thanks in anticipation.

dave601:


Wow, friend, I so much appreciate, even before checking. Thanks a lot!

Abeg, I so much appreciate you guys: Educonomist, NDSMELODY and Phoenix... I love helping strangers solve problems when I can too...

Well, I'm an educationist and self-taught English expert, be free to give me a shout should you need me later.

God bless.

NDSMELODY:
you are welcome boss, I studied elect/elect engineering observing my nysc currently which will end by August....in case there is opportunity