Question on: JAMB Accounting - 2017
Calculate the discount received in Department B
(\begin{array}{c|c} & \text{Dept A} & \text{Dept B} \ \hline & N & \ \hline \text{Sales} & 250 000 & 500 000 \ \hline \text{Purchases} & 150 000 & 250 000 \ \hline \text{Discount received} & 24 000 & \ \hline \text{Discount allowed} & 15 000 & &
\end{array})
A
₦12,000
B
₦15,000
C
₦16,000
D
₦9,000
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Correct Option: B
Before calculating the discount received in Dep. B
We need to calculate the percentage of purchases for Dep B
Out of the total purchases
Dep. A purchases 150,000
Dep. B purchases 250,000
400,000 - Total purchases
there4; (\frac{250,000 \times 24,000}{\text{(Total discount received)}}) x 400,000
= 15,000
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