On January 25th, goods were sold to Garima for RS. 100,000. A trade discount of 20% and a cash discount of 5% were allowed if the payment was made within 15 days.



To calculate the trade discount, we need to multiply the selling price by the trade discount rate. In this case, the selling price is RS. 100,000 and the trade discount rate is 20%.

Trade discount = Selling price x Trade discount rate
= RS. 100,000 x 20%
= RS. 100,000 x 0.20
= RS. 20,000



To calculate the cash discount, we need to subtract the trade discount from the selling price and then multiply it by the cash discount rate. In this case, the selling price is RS. 100,000, the trade discount is RS. 20,000, and the cash discount rate is 5%.

Cash discount = (Selling price - Trade discount) x Cash discount rate
= (RS. 100,000 - RS. 20,000) x 5%
= RS. 80,000 x 5%
= RS. 80,000 x 0.05
= RS. 4,000



Garima made the payment in two installments. On February 5th, she paid 1/4th of the amount by cheque, and on February 15th, she paid 60% of the remainder in cash.



The amount remaining after the trade and cash discounts is RS. 76,000 (RS. 100,000 - RS. 20,000 - RS. 4,000).

1/4th of the amount = RS. 76,000 x 1/4
= RS. 19,000

Garima paid RS. 19,000 by cheque on February 5th.



The remainder after the first installment is RS. 57,000 (RS. 76,000 - RS. 19,000).

60% of the remainder = RS. 57,000 x 60%
= RS. 57,000 x 0.60
= RS. 34,200

Garima paid RS. 34,200 in cash on February 15th.



- Goods were sold to Garima on January 25th for RS. 100,000.
- A trade discount of 20% (RS. 20,000) and a cash discount of 5% (RS. 4,000) were allowed if the payment was made within 15 days.
- Garima paid RS. 19,000 by cheque on February 5th.
- Garima paid RS. 34,200 in cash on February 15th.
- The total amount paid by Garima was RS. 53,200 (RS. 19,000 + RS. 34,200).

5th class rejalt




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