Use the information below to answer question 20 and 21 Mr Awala is a retailer

COMMERCE
JAMB 2001

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

Correct Answer: B. N7,500



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.