Question

Question 16.
M/s. Auto Aid, Delhi purchased 500 pieces of car horns @ ₹ 200 each less 10% Trade Discount plus IGST @ 12% from M/s Auto Horns, Chandigarh. What is the invoice value?

Answer 1

 Invoice value= ₹1,00,800

Explanation:

List value   =₹ (500×200)    =₹100,000

less 10% trade = $\frac{10}{100} \times 100000$ =₹10,000

                                                 _______

                                                   ₹90,000

IGST @ 12%= $\frac{90,000\times 12}{100}$              =₹10,800

                                                   ______

                    invoice value       ₹1,00,800