- 1 Marks
FA – Mar/July 2020 – L1 – SA – Q10 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)
Calculating the net amount payable after discounts
Question
Emeka sold 30 units of handsets with a list price of N4,000 per unit to Oluti. He gave Oluti 10% quantity discount and 5% early settlement discount.
If Oluti paid within 30 days payment window, what will be the net amount of the invoice payable by Oluti on the transaction?
A. N120,000
B. N108,000
C. N105,600
D. N102,600
E. N102,000
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