Sold goods to Karan of list price Rs.40,000 at 10% trade discount and 2% cash discount Karan paid cash for only 40% value of goods
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Sold goods to Karan of list price Rs.40,000 at 10% trade discount and 2% cash discount Karan paid cash for only 40% value of goods.
Cost Of Goods = Rs. 40,000
less: 10% T.D. → Rs. 4,000
Balance = Rs. 36,000
less: 2% C.D. →Rs. 720
Balance = Rs. 35,280
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Amount Paid = 40% of Rs. 35,280
= Rs. 14,112
Balance left = Rs. 21,168
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