Goods costing Rs.20,000 is sold at a profit of 20% on cost and trade discount is allowed @10% and cash discount of 10% is also allowed. Half of the payment was received at the time of sale. What amount of cash received at the time of sale?
(a) Rs.9,780
(b) Rs.10,800
(c) Rs.11,880
(d) Rs.10,820
b hu
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Answer:
(c). Rs.11,880
Explanation:
Goods costing ₹ 20000 is sold at profit of 20% on cost and trade discount is allowed @ 10% and cash discount of 10% is also allowed. Half the payment was received at the time of sales.
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