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Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount?
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Purchased goods from ghanshyam of the list price of rupees 50,000 at 1...
Introduction:
In this question, we are given a scenario where we have purchased goods from Ghanshyam at a certain list price and trade discount. We need to calculate the final amount paid for the goods after applying the trade discount.
Given:
List price of goods = Rs. 50,000
Trade discount = 15%
Solution:
To find the final amount paid for the goods after applying the trade discount, we need to follow the below steps:
Step 1: Calculate the amount of trade discount
Trade discount is the percentage reduction in the list price of goods. To calculate the amount of trade discount, we need to multiply the list price with the trade discount percentage.
Trade discount = 15% of Rs. 50,000 = (15/100) x 50,000 = Rs. 7,500
Step 2: Calculate the net price of goods
Net price of goods is the amount paid for the goods after deducting the trade discount from the list price.
Net price of goods = List price - Trade discount
Net price of goods = Rs. 50,000 - Rs. 7,500 = Rs. 42,500
Conclusion:
Hence, the final amount paid for the goods after applying the trade discount is Rs. 42,500.
In this question, we are given a scenario where we have purchased goods from Ghanshyam at a certain list price and trade discount. We need to calculate the final amount paid for the goods after applying the trade discount.
Given:
List price of goods = Rs. 50,000
Trade discount = 15%
Solution:
To find the final amount paid for the goods after applying the trade discount, we need to follow the below steps:
Step 1: Calculate the amount of trade discount
Trade discount is the percentage reduction in the list price of goods. To calculate the amount of trade discount, we need to multiply the list price with the trade discount percentage.
Trade discount = 15% of Rs. 50,000 = (15/100) x 50,000 = Rs. 7,500
Step 2: Calculate the net price of goods
Net price of goods is the amount paid for the goods after deducting the trade discount from the list price.
Net price of goods = List price - Trade discount
Net price of goods = Rs. 50,000 - Rs. 7,500 = Rs. 42,500
Conclusion:
Hence, the final amount paid for the goods after applying the trade discount is Rs. 42,500.
Community Answer
Purchased goods from ghanshyam of the list price of rupees 50,000 at 1...
Purchases a/c dr 47,500
to ghnshyam. 47,500
to ghnshyam. 47,500
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Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount?
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Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount?.
Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Purchased goods from ghanshyam of the list price of rupees 50,000 at 15% trade discount?.
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