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
Correct Answer: B
Explanation
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
