(a) Write in full the following abbreviations as used in commerce: (i) COD (ii) CIF (iii) FOB; (iv) E and O.E. (b) The sale of consumer goods costing N 100,...

(a) Write in full the following abbreviations as used in commerce:

(i) COD (ii) CIF (iii) FOB; (iv) E and O.E. 

(b) The sale of consumer goods costing N 100,000 attracts a cash discount of 7½% and a quantity discount of 5%. Calculate the:

(i) value of the quantity discount

(ii) value of the cash discount

(iii) net amount of money payable by the buyer. 
 

Answer Details

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