Goods listed at Rs 8,000 are sold at a trade discount of 20%, and a further cash discount of 2% is allowed on the net price. What is the amount received?
Answer and explanation
Correct answer: A. Rs 6,272
- Step 1: Price after trade discount = 8000 x 80% = 6400.
- Step 2: Cash discount applies to the net price: 6400 x 98% = 6272.
Answer
Rs 6,272.
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