JAMB - Commerce (2003 - No. 7)

Use the information below to answer questions 7 and 8.

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.

What was the amount paid by Ojo?
N382,500
N425,000
N363,375
N61,625

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