Question

Sold goods costing 80,000 to Arun against cheque at a profit of 25% on cost less
15% Trade Discount​

Answer 1

80000 divided by 125 multiply by 100 gives u 64000 means cost
That means 80000 multiply by 15 divided by 100 will gives u Trade discount that is 12000 so entry will be
Bank ac dr. 68000
To sales ac. 68000

Answer 2

Answer:

bank a/c dr 68000

to sales a/c 68000