by: Admin_LouisPosted on:

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 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

Answer is A

Related posts:

  1. Calculate the prime cost?
  2. What would be the total amount received on second call?
  3. The gross profit disclosed in the branch stock adjustment account represents?
  4. Calculate the net profit or loss made during the year.

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: