If goods were bought from Tanko at a cost price of #9,000 with a cash discount of 5%, how much will be paid assuming prompt payment was made?

If goods were bought from Tanko at a cost price of #9,000 with a cash discount of 5%, how much will be paid assuming prompt payment was made?

A #4,500
B #8,550
C #9,000
D #9,450

jamb 2014 accounting

The correct answer is B. #8,550

No explanation given

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