Neco 2024 Commerce Question 33
Practice objective / multiple choice question 33 from the 2024 Neco Commerce examination.
A purchase order was issued for 200 units of a product at \(\text{₦}5,000\) each. The supplier offered a trade discount of 10\% on the total order value and a cash discount of 2\% if payment is made within 15 days. The invoice shows the amount after the trade discount but before the cash discount, and also adds freight of \(\text{₦}20,000\) and insurance of \(\text{₦}5,000\). After receiving the goods, the buyer returned 10 defective units and received a credit note for the full price of those units (no discounts applied). What is the amount the buyer must pay if the cash discount is taken?
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About This Question
This is Neco 2024 Commerce Question 33. It is one of the objective questions from the 2024 Neco Commerce examination.
Difficulty level: Hard .
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