Gce Model Questions Vol1 2020 Commerce Question 46
Practice objective / multiple choice question 46 from the 2020 Gce Model Questions Vol1 Commerce examination.
Company X issues a proforma invoice for a shipment valued at \(\text{₦}250{,}000\). A trade discount of \(12\%\) is applied first. After the trade discount, a cash discount of \(d\%\) is offered on the balance, provided payment is made within 10 days. Subsequently, a value‑added tax (VAT) of \(7.5\%\) is added to the discounted amount. The buyer wants the final amount payable to be exactly \(\text{₦}180{,}000\). Calculate the cash discount rate \(d\) (to one decimal place).
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About This Question
This is Gce Model Questions Vol1 2020 Commerce Question 46. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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