Neco Model Questions Vol1 2021 Commerce Question 46
Practice objective / multiple choice question 46 from the 2021 Neco Model Questions Vol1 Commerce examination.
A company issues a proforma invoice for 500 units of a product priced at ₦12,000 each. The buyer receives a trade discount of \(12\%\) on the total amount. A commission of \(3\%\) is calculated on the amount after the trade discount. If the buyer pays within 10 days, a cash discount of \(5\%\) is allowed on the amount after adding the commission. A sales tax of \(7.5\%\) is then applied on the amount after the cash discount. What is the final amount payable by the buyer (in Naira)?
Answer Options
About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 46. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.