A sole trader purchased goods in cash worth N2000 at 2% discount and made a…

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Accounts - Principles of Accounts JAMB 2007

A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed?

  • N20 checkmark
  • N40
  • N400
  • N200

The correct answer is: A

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