O-LevelAccountingAccounting procedures7707/11 · May/June 2013 · Q51 Mark

A customer is given a discount of 25% for buying a large quantity of goods on credit with a list price of $2000. He is given a further discount of 10% as he pays within 14 days. How much trade discount does he receive?

A$150

B$500

C$650

D$700

✓ Correct answer

B: $500

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 5.

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