Goods listed at Rs 5,000 are sold at a trade discount of 10%, and a further cash discount of 2% is allowed on the net price. What is the amount received?
Answer and explanation
Correct answer: D. Rs 4,410
- Step 1: Price after trade discount = 5000 x 90% = 4500.
- Step 2: Cash discount applies to the net price: 4500 x 98% = 4410.
Answer
Rs 4,410.
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