Question on: JAMB Accounting - 2017
(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \ \hline & N & \ \hline \text{Sales} & 250 000 & 150,000 \ \hline \text{Purchases} & 500,000 & 250 000 \ \hline \text{Discount received} & 24 000 & \ \hline \text{Discount allowed} & 15 000 & &
\end{array})
Determine the discount allowed by Department A
A
₦5,000
B
₦9,375
C
₦5,625
D
₦8,000
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Correct Option: B
To determine the discount allowed by Department A, the percentage of sales by Department A need to be calculated
Dep A 250,000
Dep B (\frac{150,000}{400,000})
% of Dep A = (\frac{250,000}{400000}) X 100
= 62.5%
∴ Discount allowed in Dep A = (\frac{62.5}{100}) x 250,000
= ₦ 9,375
= ₦ 9,375
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