Question

Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount
and 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.​

Answer 1

Answer:

In this question trade discount will not be shown and cash discount will be shown.

Explanation:

3,000 ×10%=2700

and on 300, 3% cash discount will be shown

2700×3%=cash2619 , discount received=81