Waec Model Questions Vol1 2017 Commerce Question 23
Practice objective / multiple choice question 23 from the 2017 Waec Model Questions Vol1 Commerce examination.
A company receives an invoice for office supplies listed as follows: - Item A: 40 units @ ₦2,500 each - Item B: 25 units @ ₦3,600 each - Item C: 15 units @ ₦4,800 each The supplier offers a 5% trade discount on the total of items A and B, followed by an additional 3% discount on the subtotal after the first discount. After all discounts, a fixed tax of ₦15,000 is added. A cash discount of 2% on the amount after discounts (but before tax) is allowed if payment is made within 10 days. The company pays within the discount period. However, the accountant mistakenly applied the cash discount after adding the tax. By how much (in naira) does the accountant's payment differ from the correct amount due?
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 23. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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