Question

Sold goods to Ashwin for rs 5000 less 5% trade discount and 10% cash discount

Answer 1

5% discount on 5000= 5/100×5000=250
therefore remaining amount is 5000-250= 4750
10% cash discount on 4750= 10/100×4750= 475
therefore sp is 4750-475= 4275

pls mark as brainlist

Answer 2

List price = Rs.5000

Trade discount = 5%(5000) = Rs.250

Agreed Price = Rs.5000- Rs.250 = Rs.4750

Cash Discount = 10%(4750) = Rs.475

Invoice Price = Rs.4750 - Rs.475 = Rs.4275

Journal Entry

Cash A/C. Rs. Rs.4275

Discount Allowed A/C. Rs 475

To Sales A/C. Rs. 4750

(Being goods sold to Ashwin)