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    Question

    Goods costing ₹ 60,000 sold to Manish at a profit of

    25% on sales less Trade Discount @ 5%. Calculate the amount to be shown in Sales Account:
    A ₹ 77,000 Correct Answer Incorrect Answer
    B ₹ 76,000 Correct Answer Incorrect Answer
    C ₹ 71,250 Correct Answer Incorrect Answer
    D ₹ 75,000 Correct Answer Incorrect Answer

    Solution

    Cost = 60,000 Sales Value = 60,000/75*100 Sales Value = 80,000 Less Trade Discount 4000 (80,000*5%) Amount to be shown in Sales Account: ₹ 76,000

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