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O-LevelCommerceFinance7100/12 · Oct/Nov 2017 · Q151 Mark

The following figures are an extract from a statement of account dated 31 March. It has been received by WW Computers from one of its suppliers. [Table showing: balance due $20000, cash discount 5%: 14 days, trade discount 20%] If WW Computers settles the account on 20 April, how much would the company pay?

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A$16000
B$19000
C$20000
D$25000

✓ Correct answer

A: $16000

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About this question

Topic
Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 2, question 15.

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