1. The net price of an item after a trade discount of 12% and 8% was RM3000. The invoicewas dated 23d July 2007 with cash discount terms of 4/10, n/30. No use excel.a)Find the list price of the...

1. The net price of an item after a trade discount of 12% and 8% was RM3000. The invoice was dated 23d July 2007 with cash discount terms of 4/10, n/30. No use excel. a) Find the list price of the item. (RM3705.53) b) Calculate the single trade discount rate that is equivalent to the trade discount given. (19.04%)