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WAEC Commerce 1995 Question 25

Question 25

Purchase and Sale of Goods

A retailer who receives a trade discount of 33⅓% and a cash discount of 10% on goods worth N360 would pay

  1. A.N240
  2. B.N226
  3. C.N216
  4. D.N204
  5. E.N120
Show the answer and explanation

Answer: C (N216)

Explanation

Trade discount: 33⅓% of N360 = N120, leaving N240. Cash discount: 10% of N240 = N24, so he pays N216.