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Question
A wholesaler allows 25% trade discount and 5% cash discount, what will be the net price of an article marked at ₹1,600?
Solution
Marked price = ₹1600
Trade discount 25% of 1600
= `25/100 xx 1600`
= ₹ 400
Invoice price = Marked price - Trade discount
= 1600 - 400
= ₹ 1200
Cash discount 5% of 1200
= `5/100 xx 1200 = 60`
Net price = 1200 - 60
= ₹ 1140
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