If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

Assessment: JAMB UTME - Commerce - 2009 Subject: Commerce

Question 1 Report

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.
Read lesson note on Commerce (JAMB)
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