If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay

Assessment: WAEC SSCE - Commerce - 1997 (Objective) Subject: Commerce

Question 1 Report

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.

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