Question

If XYZ Electronics Limited purchased 10 TV @ ₹ 2000 per piece and 15 tape recorders at rupees 12500 per piece and there was a trade discount of 20%, then what will be the amount to be recorded in purchase book​

Answer 1

Answer is attached here.

Answer 2

Given:

Cost of TV per unit = Rs. 2000

Cost of tape recorder per unit = Rs. 12500

Number of TV purchased = 10

Number of tape recorder purchased = 15

Trade discount = 20%

To find:

Value to be recorded in the purchase book.

Solution:

Total amount for TV

$= 2000 \times 10$

$= 20000$

Total amount for tape recorder

$= 12500 \times 15$

$= 187500$

Total amount of goods purchased

$= 187500 + 20000$

$= 207500$

Now trade discounts

$= \frac{20}{100} \times 207500$

$= 41500$

Real cost price

$= 207500 - 41500$

$= 166000$

Therefore Rs. 166000 would be recorded in the purchase books as it is the cost price for 10 TV and 15 tape recorders after deducting the trade discount of 20%