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JAMB Accounting 2011 Objective — Question 9

Question 9 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

[Same information as above] Calculate the cash discount.

A. A. #60Correct
B. B. #90
C. C. #40
D. D. #100

Explanation

Cash discount = 15% x #400 = #60.

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