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  5. Tei Ltd offered 1,56...

Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10%  and...

Accounts - Principles of Accounts
WAEC 2018

Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10%  and cash discount is 10% within 30 days and 5% within 60 days.

The amount payable if payment is made on the 40th day is...........

  • A. 88,920
  • B. 84,240
  • C. 80,028
  • D. 72,025
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Correct Answer: Option A
Explanation

60 x 1560 = 93600 

Cash discount = \(\frac{5}{100}\) x 93600 = 4680

93600 - 4680 = 88920

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts