Sold goods to alam coasting rupee60000 at a profit of 20% on sales less 10% trade discount and charged 8% GST
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Cost 60,000
Profit on sales 20%.
Let say Sales are 100, profit would be 20, cost would be 80.
Sale value of costing 60,000.
60,000 x 100 / 80 = 75,000.
Trade discount 10% 7,500
Net price 67,500
Plus GST 8% 5,400
Total price 72,900
Profit on sales 20%.
Let say Sales are 100, profit would be 20, cost would be 80.
Sale value of costing 60,000.
60,000 x 100 / 80 = 75,000.
Trade discount 10% 7,500
Net price 67,500
Plus GST 8% 5,400
Total price 72,900
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