Question

Bought goods from Ranjan 10,000 @ 5% GST and 10% cash discount. Calculate cash
discount.

please answer mi ​

Answer 1

Answer:

10000+500cash discount=10500 10500×10÷100=1050

Answer 2

Answer:

Cash Discount is equal to 1050.

Explanation:

Given:

1. Goods purchased value = 10000
2. GST Rate = 5%
3. Total value of purchases = (1) + (2) i.e. 10500
4. Cash Discount = 10500*10% i.e. 1050

Cash discount is the given on overall value of the goods. Overall value means purchase value plus taxes and other incidental charges which are directly attributable towards the transfer of goods.