If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay
Answer Details
If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay:
Discount = 15% of #1,500 = (#15/100) x #1,500 = #225
Selling price = #1,500 - #225 = #1,275
Therefore, the correct answer is #1,275.00.