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Sold goods to Y costing 10000 at 30% profit on course 10% trade discount?
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Sold goods to Y costing 10000 at 30% profit on course 10% trade discou...
Explanation:

When a seller sells goods to a buyer, he adds a certain percentage of profit to the cost price to make a profit. In this case, the seller sold goods to Y at a 30% profit. Additionally, the buyer gets a 10% trade discount. Let's break down the transaction in detail.

Cost Price:
The cost price is the amount that the seller paid for the goods. In this case, the seller sold goods to Y costing 10000.

Selling Price:
The selling price is the price at which the seller sells the goods to the buyer. The seller added a 30% profit to the cost price to arrive at the selling price.

Profit = 30% of Cost Price = (30/100) x 10000 = 3000

Selling Price = Cost Price + Profit = 10000 + 3000 = 13000

Trade Discount:
The buyer is entitled to a 10% trade discount. This is a discount that is given to the buyer for purchasing the goods. The trade discount is calculated on the selling price.

Trade Discount = 10% of Selling Price = (10/100) x 13000 = 1300

Net Selling Price:
The net selling price is the amount that the buyer pays after deducting the trade discount from the selling price.

Net Selling Price = Selling Price - Trade Discount = 13000 - 1300 = 11700

Therefore, the seller sold goods to Y costing 10000 at a 30% profit and a 10% trade discount. The net selling price of the goods is 11700.
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Sold goods to Y costing 10000 at 30% profit on course 10% 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 Sold goods to Y costing 10000 at 30% profit on course 10% trade discount? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods to Y costing 10000 at 30% profit on course 10% trade discount?.
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