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Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%?
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Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was o...
Calculation of Trade Discount
To find out the trade discount, we need to subtract the selling price after discount from the maximum retail price (MRP).
MRP of the computer = Rs. 60,000
Selling price after cash discount = Rs. 45,000
Trade discount = MRP - Selling price after discount
Trade discount = Rs. 60,000 - Rs. 45,000
Trade discount = Rs. 15,000
Calculation of Percentage Trade Discount
Percentage trade discount can be calculated using the formula:
Percentage trade discount = (Trade discount / MRP) x 100
Percentage trade discount = (Rs. 15,000 / Rs. 60,000) x 100
Percentage trade discount = 0.25 x 100
Percentage trade discount = 25%
Therefore, the person received a trade discount of 25% on the MRP before getting the cash discount.
Explanation
The Maximum Retail Price (MRP) of the computer is Rs. 60,000. However, the person purchased it for Rs. 45,000, which is the selling price after the cash discount. The cash discount offered was Rs. 9,000.
To calculate the trade discount, we subtract the selling price after discount from the MRP. In this case, the trade discount is Rs. 15,000 (Rs. 60,000 - Rs. 45,000).
To find the percentage trade discount, we divide the trade discount by the MRP and multiply by 100. The result is 25%. This means that the person received a trade discount of 25% on the MRP before getting the cash discount.
The options given are:
(a) 15%
(b) 10%
(c) 7 ½%
(d) 25%
The correct option is (d) 25%.
To find out the trade discount, we need to subtract the selling price after discount from the maximum retail price (MRP).
MRP of the computer = Rs. 60,000
Selling price after cash discount = Rs. 45,000
Trade discount = MRP - Selling price after discount
Trade discount = Rs. 60,000 - Rs. 45,000
Trade discount = Rs. 15,000
Calculation of Percentage Trade Discount
Percentage trade discount can be calculated using the formula:
Percentage trade discount = (Trade discount / MRP) x 100
Percentage trade discount = (Rs. 15,000 / Rs. 60,000) x 100
Percentage trade discount = 0.25 x 100
Percentage trade discount = 25%
Therefore, the person received a trade discount of 25% on the MRP before getting the cash discount.
Explanation
The Maximum Retail Price (MRP) of the computer is Rs. 60,000. However, the person purchased it for Rs. 45,000, which is the selling price after the cash discount. The cash discount offered was Rs. 9,000.
To calculate the trade discount, we subtract the selling price after discount from the MRP. In this case, the trade discount is Rs. 15,000 (Rs. 60,000 - Rs. 45,000).
To find the percentage trade discount, we divide the trade discount by the MRP and multiply by 100. The result is 25%. This means that the person received a trade discount of 25% on the MRP before getting the cash discount.
The options given are:
(a) 15%
(b) 10%
(c) 7 ½%
(d) 25%
The correct option is (d) 25%.
Community Answer
Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was o...
B. 10%
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Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%?
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Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%?.
Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased a computer having MRP of Rs. 60,000 for Rs. 45,000 and was offered a cash discount of Rs. 9,000. At what percentage he got trade discount on MRP before getting cash discount? (a) 15% (b) 10% (c) 7 ½% (d) 25%?.
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