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Given a purchases invoice showing five items of Taka 80 each, less trade discount of 25 percent and cash discount of 5 percent, if paid within the credit period, your cheque would be made out for :

Given a purchases invoice showing five items of Taka 80 each, less trade discount of 25 percent and cash discount of 5 percent, if paid within the credit period, your cheque would be made out for : Correct Answer Taka 280

Total cost of purchase = Tk. 80*5 = Tk. 400( including discount) After discount, Actual purchase = TK. 400 - (Tk. 400*25%) = Tk. 300 Actual payment, if the buyer pay within the credit time is = Tk. 300 - (300*5%) = Tk. 285  

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