Question

1. Started a business with cash 80,000 ; goods 50,000.
2. Purchased goods on cash 50,000 ; credit 30,000
3. Goods costing 57,000 sold at a profit of 5% ; 3/4th payment received in cash.
4. Goods costing 40,000 sold at a loss of 10% ; 20,000 received in cash.
5. Received cash from debtors of 25,000.
6. Paid telephone bill of 2,000.

Answer 1

Answer:

profit of 30 percent on sale less 10 percent trade discount.paid cartage...

Explanation: