Question

Sold goods costing rupees 20000 at 20% profit less 10% trade discount and 2% cash discount write a general entry

Answer 1

Answer:

total discount = 20+10+2

=22

now find the 22%of 20000

=(22/100) ×20000

=440000/100

=4400

now we now that he get ₹4400 discount

now total rupees - discount

20000 - 4400

= ₹15600