Question

Sold good of ₹ 1,00,000 at 10% trade Discount
and 10% Cash discounts to Ram And received 50%.
Amount by Cheque , calculate the amount of Cheque received

Answer 1

Answer:

cost after trade discount=100000-10%×100000

=90000

after,cash discount= 90000-10% ×90000

=81000

amount of cheque received= 50% ×81000

=5×8100

=40,500

Answer 2

Given:

Goods sold = 1,00,000

Trade Discount = 10%

Cash Discount = 10%

Received 50% in cheque

To find:

the amount of Cheque received

Solution:

Goods sold = 1,00,000

Trade Discount = 10%

Cash Discount = 10%

Selling Price after Trade Discount

First, let us calculate the Cash Discount

$Trade \: Discount = 10\% \times Selling \: Price$

$Trade \: Discount = 10\% \times 100000$

$Trade \: Discount = \frac{10}{100} \times 100000$

$Trade \: Discount = 10000$

Now, adding the value to the formula,

$New \: Selling \: Price = Selling \: Price - Trade \: Discount$

$New \: Selling \: Price = 100000 - 10000$

$New \: Selling \: Price = 90000$

Now, the Selling Price after the Cash Discount

First, let us calculate the Cash Discount

$Cash \: Discount = 10\% \times New \: Selling \: Price$

$Cash \: Discount = 10\% \times 90000$

$Cash \: Discount= \frac{10}{100} \times 90000$

$Cash Discount = 9000$

Now, adding the value of cash discount

$Final \: Selling \: Price =New \: Selling \: Price - Cash \: Discount$

$Final \: Selling \: Price = 9000 - 90000$

$Final \: Selling \: Price = 81000$

Ram paid 50% by cheque, so paid by cheque amount is :

$Paid \: By \: Cheque = 50\% \times 81000$

$Paid \: By \: Cheque = \frac{50}{100} \times 81000$

$Paid \: By \: Cheque = 40500$

Therefore, the amount of Cheque received is Rs. 40500