Neco Model Questions Vol1 2018 Commerce Question 32

Practice objective / multiple choice question 32 from the 2018 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2018 Commerce Objective / Multiple Choice Easy Difficulty
Question 32 NECO_MODEL_QUESTIONS_VOL1 • 2018 • COMMERCE • objective

A retailer purchases goods with a list price of \(₦500{,}000\). He is allowed a trade discount of 10% and, if he pays within 10 days, an additional cash discount of 2% on the discounted price. What amount must he pay to settle the invoice?

Answer Options

A. ₦450,000
Correct Answer B. ₦441,000
C. ₦440,000
D. ₦490,000
Correct Answer
B
Correct Option:
₦441,000

About This Question

This is Neco Model Questions Vol1 2018 Commerce Question 32. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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