Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discountand 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.please answer quickly...
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As 30 shawls were bough but 10 were returned so the cost will be taken of only 20 shawls i.e. 20,000. 10% Trade discount is given so amount till now will be 18,000. Now the payment is settled in 10 days so Cash discount will also be given so the amount to be given by Mittal bros will be 17,460.
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