Neco 2021 Commerce Question 44
Practice objective / multiple choice question 44 from the 2021 Neco Commerce examination.
A supplier issues an invoice of \(\text{₦}480,000\) with terms 2/10, n/30 (2\% discount if paid within 10 days, net due in 30 days). The buyer takes the cash discount, incurs a bank transaction fee of \(\text{₦}1,500\), and also receives a bulk‑purchase rebate of 1\% on the invoice amount. What is the total amount actually paid by the buyer?
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About This Question
This is Neco 2021 Commerce Question 44. It is one of the objective questions from the 2021 Neco Commerce examination.
Difficulty level: Hard .
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