Question 0

Use the information below to answer question 20 and 21

Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, quantity discount of 3% for a volume above 1000 units and a cash of discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.

The trade discount receivable by Mr Bacus is

  • A.N4,500
  • B.N7,500
  • C.N10,500
  • D.N12,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Commerce
Year
2001
Question no.
#0
Type
Objective

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