Question

sold goods of list price 25000 less 10% trade discount and cash discount 2% to ram who paid 50% amount on the spot​

Answer 1

Answer:

since it's not mentioned anything I am assuming that this is Journal entries —

ram dr 11,250 (step3> 50% of 22500 wasnt paid on spot)

cash ac dr 10,800 (step4> 50% which was paid on spot and received a cash discount)

discount allowed ac dr 450 (step2> cash discount on 22,500, ie, after deducting trade discount)

To Sales ac 22,500 (step1> 25,000-10% trade discount)

(being sale of goods to Ram, 50% payment received on spot; allowed 2% trade discount. )

(hope my answer was helpful to you. please mark me the brainliest, I'll be very grateful!)

Answer 2

Given: List price of goods = 25000 rupees, Trade discount = 10%, Cash discount = 2%, Ram paid 50% of the amount on the spot.

To find: The final amount payable by Ram after both discounts.

Solution:

• Trade discount = 10% of the list price = 10/100 * 25000 = 2500 rupees
• The net price after the trade discount = List price - Trade discount = 25000 - 2500 = 22500 rupees
• Cash discount = 2% of net price = 2/100 * 22500 = 450 rupees
• The total discount = Trade discount + Cash discount = 2500 + 450 = 2950 rupees
• The total amount payable by Ram = Net price - Total discount = 22500 - 2950 = 19550 rupees
• Ram paid 50% of the amount on the spot, which is 50/100 * 19550 = 9775 rupees
• The remaining amount payable by Ram = Total amount - Amount paid on spot = 19550 - 9775 = 9775 rupees

Therefore, Ram has to pay 9775 rupees after both discounts to complete the purchase.

To learn more about Trade discount from the given link.

https://brainly.in/question/15400296

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