Question

sold goods costing 150000 to asha at a profit of 20% on sales 10% trade discount. paid cartage of 1250 to be charged from asha​

Answer 1

Answer:

Cost price=₹1,50,000

Profit = cost price × profite rate

=1,50,000×20%

=1,50,000×20/100

=30,000

List price = cost price+profit

=1,50,000+30,000

=1,80,000

Trade discount= 1,80,000×10%

=1,80,000×10/100

=18,000

Actual Sales Price=30,000–18,000

=12,000

Asha a/c dr. ₹12,000

To sales a/c cr. ₹12,000

Cartage a/c dr. ₹1250

To cash a/c cr. ₹1250