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Question
Bought goods from Ranjan ₹ 10,000 @ 5% GST and 10% cash discount. Calculate cash discount.
Solution
Amount of GST = 5% of Cost of goods
= `5/100 xx 10,000`
Amount of GST = ₹ 500
Total Value = Cost of goods + Amount of GST
= 10,000 + 500
= ₹ 10,500
Amount of Cash Discount = 10% of Total Value
= `10/100xx10,500`
= 1,050
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