Dennis Has Made a Purchase of R50 000 Using Trade

question 102

Multiple Choice

Dennis has made a purchase of R50 000 using trade credit with terms of 2/10 net 30.How much discount will he receive if the buyer pays the bill on the net due date?

• A)R0
• B)R500
• C)R1 200
• D)R3 000

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Definitions:

Group Dynamics

The study of the behaviors and psychological processes that occur within a social group or between social groups.

Adolescents' Behavior

The patterns of actions, attitudes, and emotions characteristic of individuals in the teenage years, ranging from puberty to legal adulthood.

Shared Norms

Common beliefs or standards of behavior accepted within a group or society.

Identity Formation

Identity Formation is the process by which an individual develops a distinct personality or identity, influenced by social, cultural, and personal experiences.