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Sold goods of ₹ 2,00,000 at 10% Trade Discount and 10% cash discount to John and received 40% amount by Cheque. Calculate the amount of Cheque received. * |
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Answer» LIST price of SELLING GOODS = 200000 (-) 10%TRADE discount =. 20000 Amount of sales =. 180000 John paid 40% amount of 180000 =. 72000 On patment he got 10% cash discount =. 72000-(72000*10%) = 72000-7200 = 64800 Amount of cheque received = 64800 |
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