ACCOUNTING

JAMB 2007 - Question 50

Account 2007 JAMB Past Questions - Question 50: A sole trader purchased goods in cash Worth N 2 000 at 2% discount and made a cash sale of N 1 000 at the same rate of discount. Determine the amount of discount allowed.

Choose the most appropriate option for the gap .
A sole trader purchased goods in cash Worth N 2 000 at 2% discount and made a cash sale of N 1 000 at the same rate of discount. Determine the amount of discount allowed.
A:
B:
C:
D:
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Correct Answer

A

Explanation