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Sales of Rs 1,00,000 carry a 2% volume rebate given. Revenue is what?

ARs 2,000
BRs 98,000
CRs 1,02,000
DRs 1,00,000
Answer & Solution
Correct answer: B. Rs 98,000
The rebate given is deducted, so 1,00,000 less 2,000 gives Rs 98,000.
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