Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

14. Sold goods at 5% trade discount to Harihar. The base price was ₹2,000.

5) Goods purchased from M/s Neel Kumal at a list price of ₹12,000 with a 10% trade discount and a 3% cash discount. Cash was paid for the net amount.

6) Sold to S. Chaukan with a trade discount of [tex]6\%[/tex] and a cash discount of [tex]17\%[/tex] goods worth ₹15,000. He has paid cash for the same.


Sagot :

Certainly! Let's break down both the purchase and sale transactions in detail.

### 1. Goods Purchased from M/s Neel Kumar

The list price of the goods purchased is ₹12,000 with a 10% trade discount and a 3% cash discount.

#### Step-by-Step Calculation

1. Calculate the net price after the trade discount:
[tex]\[ \text{Net Price after Trade Discount} = \text{List Price} - (\text{List Price} \times \text{Trade Discount}) \][/tex]
[tex]\[ \text{Net Price after Trade Discount} = 12000 - (12000 \times 0.10) \][/tex]
[tex]\[ \text{Net Price after Trade Discount} = 12000 - 1200 = 10800 \text{ INR} \][/tex]

2. Calculate the cash discount amount:
[tex]\[ \text{Cash Discount Amount} = \text{Net Price after Trade Discount} \times \text{Cash Discount} \][/tex]
[tex]\[ \text{Cash Discount Amount} = 10800 \times 0.03 = 324 \text{ INR} \][/tex]

3. Calculate the final amount paid after the cash discount:
[tex]\[ \text{Final Amount Paid} = \text{Net Price after Trade Discount} - \text{Cash Discount Amount} \][/tex]
[tex]\[ \text{Final Amount Paid} = 10800 - 324 = 10476 \text{ INR} \][/tex]

### 2. Goods Sold to S. Chauhan

The list price of the goods sold is ₹15,000 with a 6% trade discount and a 17% cash discount.

#### Step-by-Step Calculation

4. Calculate the net price after the trade discount:
[tex]\[ \text{Net Price after Trade Discount} = \text{List Price} - (\text{List Price} \times \text{Trade Discount}) \][/tex]
[tex]\[ \text{Net Price after Trade Discount} = 15000 - (15000 \times 0.06) \][/tex]
[tex]\[ \text{Net Price after Trade Discount} = 15000 - 900 = 14100 \text{ INR} \][/tex]

5. Calculate the cash discount amount:
[tex]\[ \text{Cash Discount Amount} = \text{Net Price after Trade Discount} \times \text{Cash Discount} \][/tex]
[tex]\[ \text{Cash Discount Amount} = 14100 \times 0.17 = 2397 \text{ INR} \][/tex]

6. Calculate the final amount received after the cash discount:
[tex]\[ \text{Final Amount Received} = \text{Net Price after Trade Discount} - \text{Cash Discount Amount} \][/tex]
[tex]\[ \text{Final Amount Received} = 14100 - 2397 = 11703 \text{ INR} \][/tex]

### Summary of Results

- Net Price after Trade Discount for Purchase: ₹10800
- Cash Discount Amount for Purchase: ₹324
- Final Amount Paid for Purchase: ₹10476

- Net Price after Trade Discount for Sale: ₹14100
- Cash Discount Amount for Sale: ₹2397
- Final Amount Received for Sale: ₹11703

These calculations represent the transactions involved in purchasing goods from M/s Neel Kumar and selling goods to S. Chauhan with the respective discounts applied.