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WASSCE
Use the following information to answer questions 11 and 12.
Tei Ltd offered 1,560 units of a magazine at ₦60.00 each. Trade discount is 10% and cash discount is 10% within 30 days and 5% within 60 days.
The cash discount allowed on the 50th days is
A.
₦9,360
B.
₦8,424
C.
₦680
D.
₦4,455
Answer: D
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