A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at the same rate of discount. Determine the amount of discount allowed? by Sunday | Dec 5 | Accounting JAMB | 0 comments A. N20 B. N40 C. N400 D. N200 Correct Answer: Option A – N20 Users Also Read These:If a country's national income increased from N1000…Purchase of goods for N1000 from Chukwu had been…If a buyer is given 12.5% discount on N50 000 worth…When discount is allowed, the accounting entry is…The maximum amount which a company is allowed to…