Question

Madhu purchased goods costing ₹20000 at 5% trade discount and 2% cash discount. What amount will Madhu pay for the goods?​

Answer 1

Answer:

20 rs

Explanation:

hope it's helpful to you

Answer 2

Given:

The cost of goods= Rs.20,000

Trade discount=5%

Cash discount=2%

To find:

The amount paid by Madhu for goods

Solution:

The amount paid by Madhu for goods is Rs.18,620.

We can find the amount by following the steps given below-

We know that the trade and cash discount is given by the seller to the customer.

The cost of goods purchased= Rs.20,000

Trade discount=5% of Rs.20,000

=5/100×20,000

=5×200

=Rs.1,000

The cost of goods after trade discount= Original cost of the goods- trade discount

=20,000-1,000

= Rs.19,000

Now, we will calculate the amount of cash discount on the cost of goods after the trade discount.

Cash discount=2% of the cost after trade discount

=2% of 19,000

=2/100×19,000

=2×190

=Rs.380

So, the amount paid by Madhu for goods=Cost of goods after trade discount - Amount of cash discount

=19,000-380

=Rs.18,620

Therefore, the amount paid by Madhu for goods is Rs.18,620.