If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
Answer Details
If the buyer is given a 12.5% discount on N50,000 worth of goods, it means he will pay only 87.5% of the original price.
The calculation is as follows:
12.5% of N50,000 = (12.5/100) x N50,000 = N6,250
So, the new price is:
N50,000 - N6,250 = N43,750
Therefore, the buyer will pay N43,750.
The correct option is N43,750.