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David a retailer bought stock with a total list price of

David, a retailer, bought stock with a total list price of £7,500 and was allowed a trade discount of 15%.

(a) How much did he owe after his trade discount? He then received a cash discount on this amount of 2½% for immediate settlement.

(b) How much did he pay?

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Macroeconomics: David a retailer bought stock with a total list price of

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