Question

Goods costing 40,000 sold to Mr. X at a profit of 20% on sales less 10% Trade Discount
plus CGST and SGST @ 6% each and received a cheque under 2% cash discount.
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Answer 1

cost price 40000

list price 40000+25% of 40000

50000

trade discount 20% on 10000

agreed price=list price-trade discount

40000