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    • Question

      Goods costing ₹ 60,000 sold to Manish at a profit of

      25% on sales less Trade Discount @ 5%. Calculate the amount to be shown in Sales Account:
      A ₹ 77,000 Correct Answer Incorrect Answer
      B ₹ 76,000 Correct Answer Incorrect Answer
      C ₹ 71,250 Correct Answer Incorrect Answer
      D ₹ 75,000 Correct Answer Incorrect Answer

      Solution

      Cost = 60,000 Sales Value = 60,000/75*100 Sales Value = 80,000 Less Trade Discount 4000 (80,000*5%) Amount to be shown in Sales Account: ₹ 76,000

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