\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales}...
FINANCIAL
JAMB 2017
\(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \\ \hline & N & \\ \hline \text{Sales} & 250 000 & 150,000 \\ \hline \text{Purchases} & 500,000 & 250 000 \\ \hline \text{Discount received} & 24 000 & \\ \hline \text{Discount allowed} & 15 000 & &
\end{array}\)
Determine the discount allowed by Department A
- A. N5,000
- B. N9,375
- C. N5,625
- D. N8,000
Correct Answer: B. N9,375
Explanation
To determine the discount allowed by Department B, the percentage of sales by Department B need to be calculated
Dep A 250,000
Dep B \(\frac{150,000}{400,000}\)
% of Dep A = \(\frac{250,000}{400000}\) X 100
= 62.5%
? Discount allowed in Dep A = \(\frac{62.5}{100}\) x 250,000
= ? 9,375
= ? 9,375
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