Waec Model Questions Vol1 2017 Financial Accounting Question 47
Practice objective / multiple choice question 47 from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
On 1 March, a retailer bought goods with a list price of ₦200,000. The supplier gave a trade discount of 5 % and a cash discount of 2 % if payment is made within 10 days. Freight inwards of ₦8,000 is payable at the same time. The retailer paid cash within the discount period. What total cash amount did the retailer pay for the purchase?
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About This Question
This is Waec Model Questions Vol1 2017 Financial Accounting Question 47. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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