GSC Co. purchased goods from Mohan & Co. for Rs. 50,000 plus CGST and SGST@ 6% each . As per the terms, if GSC Co. made full payment to Mohan & Co. within 15 days it will get Cash Discount of 2% GSC Co. paid Rs. 28,000 within thestipulated time. Determine the amount of CashDiscount that GSC Co. will get.

GSC Co. purchased goods from Mohan & Co. for Rs. 50,000 plus CGST and

1.	GSC Co. purchased goods from Mohan & Co. for Rs. 50,000 plus CGST and SGST@ 6% each . As per the terms, if GSC Co. made full payment to Mohan & Co. within 15 days it will get Cash Discount of 2% GSC Co. paid Rs. 28,000 within thestipulated time. Determine the amount of CashDiscount that GSC Co. will get.
Answer» SOLUTION :GSC Co. will not get any CASH Discount because it has not paid total amount due. ITWAS entitled to `2%` Cash Discount, if it had paid the amount due in full.

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