Question

Sold goods costing 8000 to Nikhil invoice 20% above cost , less 5% trade discount

Answer 1

THE PRICE AT WHICH GOODS ARE SOLD TO NIKHIL=8000+20%

=8000+1600

=9600

THE AMOUNT WHICH NIKHIL HAS TO PAY(AFTER DEDUCTING TRADE DISCOUNT)=9600-480

=9120