Goods sold to Virat costing 20,000 at a profit of 20% on sales less 10% trade discount
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20,000
profit 20%
discount 10%
20,000 -1000 =19,000
your profit is =1000
profit 20%
discount 10%
20,000 -1000 =19,000
your profit is =1000
Answered by
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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
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
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