A sole trader purchased goods in cash worth N2000 at 2% discount and made a
FINANCIAL
JAMB 2007
A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed?
- A. N20
- B. N40
- C. N400
- D. N200
Correct Answer: A. N20
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