Question

(iii) Sold 300 pieces to Dutta Gupta , Kolkata on the following terms: (a) List Price 70 per pen. (b) Trade Discount 5% and Cash Discount 5%, if payment is made within 7 days of sale. Duttagupta made payment after 21 days.​

Answer 1

Answer:

Rs 19550

Explanation:

300 pieces of pen rs70 for each= Rs 21000

less trade discount 5%. = Rs 1050

Gross Price. = Rs 19550

less cash discount. = Rs 00000 as not paid accordingly

net price = Rs 19550

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