The company was given 5% AND 12% trade and cash discounts respectively. What will be recorded as discount received in the company’s book?

Hauwa Ltd bought 10bags of rice for ₦500 each. The company was given 5% AND 12% trade and cash discounts respectively. What will be recorded as discount received in the company’s book?

Options

A) ₦250

B) ₦570

C) ₦600

D) ₦850

The correct option is C

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