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Sold 30 Jackets at ₹ 500 per Jacket at 8% Trade discount, What is the amount of Trade discount? - Book Keeping and Accountancy

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Question

Sold 30 Jackets at ₹ 500 per Jacket at 8% Trade discount, What is the amount of Trade discount?

Sum

Solution

Sales Value = 30 Jackets × ₹ 500 = ₹ 15,000

Trade Discount = `15,000 × 8/100 = ₹ 1,200`

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Sales Book Or Sales Day Book
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Chapter 5: Subsidiary Books - Exercises [Page 171]

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