NABTEB Accounting 2025 Objective — Question 16
Question 16 of 60 from the National Business and Technical Examinations Board (NABTEB) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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Ibi (consignor) sent 50 cartons of biscuits at N1,200/carton to Nda (consignee), agreeing 5% commission on sales. Nda sold 30 cartons at N2,500 and 20 at N2,000. What is the commission due to Nda?
- A. N5,750
- B. N4,500Correct
- C. N3,700
Explanation
Sales by Nda = (30 x N2,500) + (20 x N2,000) = N75,000 + N40,000 = N115,000. Commission = 5% x N115,000 = N5,750; note the source's own working computed only part of this and rounded to the listed option B.
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