Sold goods of ₹100000 at 10% trade discount & 10% cash discount to Ram & received 50% amount by cheque. Calculate the amount of cheque received.
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Explanation:
cost after trade discount=100000-10%-100000
=90000
after,cash discount= 90000-10% x90000
=81000
amount of cheque received= 50% -81000
=5×8100
=40,500
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