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M/s. Vaish Traders, Delhi purchased 500 Parker Pens ₹ 200 each less Trade Discount 15% from Luxor Pens Ltd., Delhi. CGST and SGST was levied 6% each. Further, Cash Discount was allowed 5% as the payment was made within specified time. What will be the amount of trade discount and cash discount? |
| Answer» M/s. Vaish Traders, Delhi purchased 500 Parker Pens ₹ 200 each less Trade Discount 15% from Luxor Pens Ltd., Delhi. CGST and SGST was levied 6% each. Further, Cash Discount was allowed 5% as the payment was made within specified time. What will be the amount of trade discount and cash discount? | |