Question

Bought goods from Ranjan ₹ 10,000 @ 5% GST and 10% cash discount. Calculate cash discount.

Answer 1

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