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JAMB Commerce 2009 Question 12

Question 12

Purchase and Sale of Goods

If a buyer is given 12.5% discount on N50000 worth of goods, how much will he pay?

  1. A.₦56 250
  2. B.₦43 750
  3. C.₦43 250
  4. D.₦6250
Show the answer and explanation

Answer: B (₦43 750)

Explanation

Discount = 12.5% × 50 000 = ₦6 250. He pays 50 000 − 6 250 = ₦43 750.