JAMB - Commerce (2001 - No. 21)
Use the information below to answer the question that follows
Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, a quantity discount of 3% for a volume above 1000 units and a cash discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.
Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, a quantity discount of 3% for a volume above 1000 units and a cash discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.
Use the information below to answer the question that follows
Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, a quantity discount of 3% for a volume above 1000 units and a cash discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.
Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, a quantity discount of 3% for a volume above 1000 units and a cash discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.
Use the information below to answer the question that follows
Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, a quantity discount of 3% for a volume above 1000 units and a cash discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.
Mr Awala is a retailer of a single product. he sells at the standard price. He gives a trade discount of 5%, a quantity discount of 3% for a volume above 1000 units and a cash discount of 2/10 net 30. the existing selling price of the product is N100 per units. Mr Bacus purchased 1500 units of the product on credit and promised to pay Mr. Awala in cash in the first 10 days after purchase.
If Mr. Bacus fulfills his promise, he will be entitled to a cash discount of?
N2,760
N3,000
6,500
9,500
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