Question

Sold goods of ₹ 2,00,000 at 10% Trade Discount and 10% cash discount to John and received 40% amount by Cheque. Calculate the amount of Cheque received. *

Answer 1

Answer:

List price of selling goods = 200000

(-) 10%trade discount =. 20000

Amount of sales =. 180000

John paid 40% amount of 180000

=. 72000

On patment he got 10% cash discount

=. 72000-(72000*10%)

= 72000-7200

= 64800

Amount of cheque received = 64800