Goods costing 40000 sold to mr x at a profit of 20%on sales less 10%trade discount plus cgst and sgst 6% each and received a a cheque under 2% cash discount

Dear Student,


Regards,

  • 4
?Goods sold at = 40,000+8,000(20% of profit)
?Less:- 10% trade discount = (4,000)
?Less:- CGST and SGST @ 6%= (2,400+2,400)
?Less:- Cash discount= (800)
  • -5
Refer to attachment

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