Use the information below to answer question 7 and 8. Ojo purchased the following items…

Use the information below to answer question 7 and 8.
Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount, if payment is made within the agreed period. Ojo paid within the agrred period.
What was the the amount paid by Ojo?
  • A.
    N382,500
  • B.
    N425,000
  • C.
    N363,375
  • D.
    N61,625
Correct Answer: Option C
Explanation
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