The receipt of cash from a customer who bought goods with N800 list price, 25%
FINANCIAL
JAMB 1997
The receipt of cash from a customer who bought goods with N800 list price, 25% trade discount and 2/10, n/30 terms would, if paid within the discount period, amount to
- A. N576
- B. N588
- C. N600
- D. N624
Correct Answer: B. N588
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