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Finding Discounts

M/s. Auto Aid...

Question

M/s. Auto Aid, Delhi purchased 500 pieces of car horns @ ₹ 200 each less 10% Trade Discount plus IGST @ 12% from M/s Auto Horns, Chandigarh. What is the invoice value?

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Solution

List Price (500×200)
1,00,000

Less: Trade Discount @ 10%
10,000

Value of Goods
90,000

Add: IGST @ 12%
10,800

Invoice Value
1,00,800

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