Multiple choice

P sold goods to Q for Rs. 2,00,000. Q paid cash Rs. 60,000. P allowed a discount of 2% on the balance. What is the amount of the bill drawn by P on Q?

  1. Rs. 1,96,000

  2. Rs. 1,37,200

  3. Rs. 1,40,000

  4. Rs. 1,36,000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

2,00,000 - 60,000 = 1,40,000 2% discount on the balance = 140,000 * 2% = 2,800 Final balance payable = 1,40,000 - 2,800 = 1,37,200

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