Question

Goods costing 20,000 sold to Manoj at a profit of 20% on cost less 10% trade​

Answer 1

Answer:

Explanation:

Manoj a/c Dr. 21600

To sales a/c 21600

20000+ 20000×20/100=24000

24000-24000×10/100=21600

As 20 percent is profit on cost

Then less 10 percent trade discount on 24000 and trade discount is not shown in the books

Answer 2

cash receive at the time of sale is 10800