Use the information below to answer this question. .............Total......... Dept.P.............Dept.Q ...............N...............N.................N Sales.........10000............6000..............4000 Purchases......4000............1000..............3000 Discount received.1000..........?.....................

FINANCIAL
JAMB 2002

Use the information below to answer this question.

.............Total......... Dept.P.............Dept.Q

...............N...............N.................N

Sales.........10000............6000..............4000

Purchases......4000............1000..............3000

Discount received.1000..........?..................

Discounts allowed..2000...........................?.

Discount (allowed and received) are apportioned to the two departments on the basis of departmental sales and purchases.

Department P's share of discount received is

  • A. N750
  • B. N1000
  • C. N250
  • D. N500

Correct Answer: C. N250



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