Hauwa Ltd bought 10bags of rice for N500 each. The company was given 5% AND 12% trade and cash discounts respectively. What will be recorded as discount received in the company's book?

Hauwa Ltd bought 10bags of rice for N500 each.

The company was given 5% AND 12% trade and cash discounts respectively. What will be recorded as discount received in the company's book?

The correct answer is C. N600

No explanation given