Purchase goods of the list price of ₹25,000 from Mohan less 20% trade discount and 2% cash discount. The amount of cash discount is ..........

CS Executive · Corporate and Management Accounting · PYQS · December 2021
Purchase goods of the list price of ₹25,000 from Mohan less 20% trade discount and 2% cash discount. The amount of cash discount is ..........
(A) ₹160
(B) ₹240
(C) ₹400
(D) ₹500

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Financial Accounting

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