Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
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.
### 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.
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
