(I) Quantity discount = Quantity discount

Value x gross sales

5/100 x 100000 = N=5000

(II) Cash discount Cash discount value x gross sales value less quantity discount value

Gross Sales value less quantity discount

Value = N=(100,000 – 5000 = N=95000

Cash discount value = (5/100 x 95000)

= N=4750

(III) Net amount of money payable

by Customer = gross sales value - Qty

discount value - cash

discount value

= N=(100,000 – 5000 – 4750)

= N=90,250