Ojo purchased the following items from Sani at the specified prices on credit: 200 cartons...

JAMB 2003

Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount if payment is made within the agreed period. Ojo paid within the agreed period.

How much was the trade discount?

A. N42.500
B. N27,500
C. N22,500
D. 20,000

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Correct Answer: Option A

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