Question

The following transactions of a retailer in Tamil Nadu show the sale and purchase of some electronic items within the same state :​

Answer 1

The following transactions of a retailer in Tamil Nadu show the sale and purchase of some electronic items within the same state :

(i)Bought the goods at the list price of Rs 55,00,000 with 20% trade discount

(ii)Sold the same whole goods at the list price of Rs. 70,00,000 with 30% trade discount .