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WAEC Commerce 1997 Question 82

Question 82

Purchase and Sale of Goods

If goods invoiced at N1,500 were sold to Etim at less 15% trade discount, he would pay

  1. A.N1,725.00
  2. B.N1,425.00
  3. C.N1,275.00
  4. D.N1,225.00
  5. E.N1,200.00
Show the answer and explanation

Answer: C (N1,275.00)

Explanation

15% of N1,500 = N225; N1,500 − N225 = N1,275.