Search SchoolNGR

Tuesday, 10 November 2026
Register . Login

Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail ...

Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N500 but would give it to Emeka at $400. What kind of discount did he get?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Cash discount
  • B Seasonal discount
  • C Quantity discount
  • D Trade discount
Correct Answer: Option D
Explanation:
the discount on the price of goods offer by manufacturer is referred to as trade discount. This will avail the person buying from the manufacturer to be able to make profit on the goods.

Share question on: