During the year 201718, the invoice value of goods sold by Avon Corporation amounted to 325 million.

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During the year 2017–18, the invoice value of goods sold by Avon Corporation amounted to ₹325 million. The company offered trade discount aggregating to ₹10 million. In addition, Goods and Services Tax (GST) @ 18% of the invoice price was collected by the company and paid to the government. The company normally sells goods on credit of 60 days and offers a cash discount of 1% if payment is made by the customer within 10 days of sales. How will the revenue from sales be shown in the statement of profit and loss for the year 2017–18?

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