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:The implied provisions in every sale of goods as…Purchase of goods for N1000 from Chukwu had been…When discount is allowed, the accounting entry is…The maximum amount which a company is allowed to…Tunde purchased goods from Femi by cash worth N1000…