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If Fatima was granted a discount of 2% what will be discount allowed?

Accounts - Principles of Accounts
JAMB 2010

If Fatima was granted a discount of 2% what will be discount allowed?

  • A. N20
  • B. N40
  • C. N60
  • D. N4
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Correct Answer: Option B
Explanation

Fatima cash purchase = 2000

Discount allowed = 2%

\(\frac{2}{100}\) x 2000 = 40

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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