Question

Goods sold to Virat costing 20,000 at a profit of 20% on sales less 10% trade discount

Answer 1

20,000


profit 20%


discount 10%

20,000 -1000 =19,000

your profit is =1000

Answer 2

Costing = 20,000

Add: Profit @ 20% = 4,000

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= 24,000

Less: Disc. @ 20% = 4,800

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= 19,200


Sold at Profit = 19,200

Add: CGST(Assuming 9%) = 1,728

Add: SGST(Assuming 9%) = 1,728

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= 22,656