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})
(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: Option 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