Question

At the start of the financial year, Lassan's Variety Store has debtors of $10 000. He
received cash of $30 500 from his customers during the year, having given various
discounts to his customers amounting to $3000. At the end of the year the
amount still owing to him was $7 000. What were Lassan's Variety Store total
credit sales for that period?​

Answer 1

20% because he was having a 3000 discount of everything. And that 20% of 30000 and then the 50 so it would be about 20.4 or 20.2 %