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Purchased guods from Suresh for cash at a list price of 20,000, at trade discount of 20%
2021
and cash discount 519. Purchased goods from Mahesh at a list price of t 8,000 at 20% trade discount.
Returned goods of a list price off 700 to Mahesh as it was defective?
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Purchased guods from Suresh for cash at a list price of 20,000, at tra...
Transaction with Suresh
1. **List Price**: ₹20,000
2. **Trade Discount**: 20% + 21%
- First, calculate the effective trade discount:
- 20% of ₹20,000 = ₹4,000
- New price = ₹20,000 - ₹4,000 = ₹16,000
- 21% of ₹16,000 = ₹3,360
- Final price after trade discounts = ₹16,000 - ₹3,360 = ₹12,640
3. **Cash Discount**: ₹519
- Total payable amount = ₹12,640 - ₹519 = ₹12,121

Transaction with Mahesh
1. **List Price**: ₹8,000
2. **Trade Discount**: 20%
- Trade discount calculation:
- 20% of ₹8,000 = ₹1,600
- Price after trade discount = ₹8,000 - ₹1,600 = ₹6,400
3. **Return of Goods**:
- Returned goods list price = ₹700
- Since the goods were returned, the amount is deducted from the previous total.
- Adjusted amount = ₹6,400 - ₹700 = ₹5,700

Summary of Transactions
- **Total payable to Suresh**: ₹12,121
- **Total payable to Mahesh after return**: ₹5,700
These transactions illustrate the impact of trade and cash discounts on the final payable amounts while accounting for returns, providing a clear overview of the costs involved in purchasing goods.
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Purchased guods from Suresh for cash at a list price of 20,000, at trade discount of 20%2021and cash discount 519. Purchased goods from Mahesh at a list price of t 8,000 at 20% trade discount.Returned goods of a list price off 700 to Mahesh as it was defective?
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