Question

7.Find loading which is 20% of
the invoice price of goods if
the cost price of goods is
Rs.40000./
0 4000
O 6000
O 10000
O 12000​

Answer 1

Answer:

Rs 10,000

Loading is Rs 10,000 which is 20% of the invoice price of goods

Explanation:

Given :

Goods costing = Rs. 40,000

Loading 20 % on invoice price

To find :

Loading

Solution :

★ Invoice price = cost + profit

Profit on invoice price = 20 % of invoice price

Profit on cost price = Loading on cost price

20/80 × 100 = 25 %

Loading on cost price = 25 % of cost

So,

Invoice Price = cost + profit

⇒ 40,000 × 25 / 100

⇒ 10,000

Goods costing = Rs. 40,000

Loading = Rs 10,000

Therefore,

Rs 10,000

Loading is Rs 10,000 which is 20% of the invoice price of goods

___________________________

★ Verification :

★ Invoice Price = cost + profit

⇒ 40,000 + 10,000

⇒  50,000

Invoice Price = Rs. 50,000

★ Loading which is 20% of the invoice price of goods :

⇒ 50,000 × 20 / 100

⇒ 10,000

Answer 2

$\huge{\boxed{\rm{Question}}}$

Find loading which is 20% of the invoice price of goods if the cost price of goods is Rupees 40,000.

• 4000
• 6000
• 10000
• 12000

$\huge{\boxed{\rm{Answer}}}$

$\large{\boxed{\boxed{\sf{Given \: that}}}}$

• Cost of goods = Rupees 40,000.

• Loading invoice price of goods = 20 percentage.

$\large{\boxed{\boxed{\sf{To \: find}}}}$

• Loading.

$\large{\boxed{\boxed{\sf{Solution}}}}$

• Rupees 10,000 is the cost of loading invoice price of goods for 20 %

$\large{\boxed{\boxed{\sf{Using \: formula}}}}$

• Invoice price = Cost + Profit.

$\large{\boxed{\boxed{\sf{We \: also \: write \: these \: as}}}}$

• Cost price as CP.

$\large{\boxed{\boxed{\sf{What \: does \: the \: question \: says}}}}$

$\large{\boxed{\boxed{\sf{Let's \: understand \: the \: concept \: 1st}}}}$

• This question says that the cost of goods = Rupees 40,000. Afterthat it ask us to find the loading at invoice price of goods for 20 %

$\large{\boxed{\boxed{\sf{How \: to \: solve \: this \: question}}}}$

$\large{\boxed{\boxed{\sf{Let's \: see \: the \: procedure \: now}}}}$

• To solve this question we have to use the formula to find invoice price that is Cost + Profit. Finding Profit on CP Afterthat putting the values we get 25 percent. Afterwards, finding loading on CP by using formula to find invoice price we have to put the values putting the values we get our final result that is Rupees 10,000.

$\large{\boxed{\boxed{\sf{Full \: solution}}}}$

According to the question we already discussed that what is given or what to find. Let's see it again to understand the question properly !!

• Cost of goods = Rupees 40,000 ( Given )
• Loading invoice price of goods = 20 percentage ( Given )

• Loading ( To find )

Using the formula to find invoice price we have to solve this question. We know what is the formula to find invoice price. It is given below !

• Invoice price = Cost + Profit.

Continuing.... Coming to the question.......

$\mapsto$ Invoice price's profit = 20 % of invoice price

$\mapsto$ Profit on CP = Loading on CP

Profit on CP ( Finding )

Putting the values according to this we get

↝ 20/80 × 100

↝ 2/8 × 100

↝ 1/4 × 100

↝ 100/4

↝ 50/2

↝ 25 percent.

Now loading on CP ( Finding )

Putting the values according to this we get

↝ Invoice price = Cost + Profit.

↝ 40,000 × 25 / 100

↝ 40,000 × 5 / 20

↝ 40,000 × 1 / 4

↝ 10,000 × 1

↝ 10,000

Hence, loading = Rupees 10,000

$\large{\boxed{\boxed{\sf{R \: u \: confused \; \; \; Yes}}}}$

$\large{\boxed{\boxed{\sf{No \: need \: to \: worry}}}}$

$\large{\boxed{\boxed{\sf{Let's \: verify \: it}}}}$

$\bold{\pink{\fbox{\pink{Verification}}}}$

Invoice price ( Finding )

➝ Invoice price = Cost + Profit.

➝ Invoice price = 40,000 + 10,000

➝ Invoice price = 50,000

Loading ( Finding )

➝ Loading = 50,000 × 20 / 100

➝ Loading = 50,000 × 2 / 10

➝ Loading = 50,000 × 1 / 5

➝ Loading = 10,000 × 1

➝ Loading = 10,000

Hence, verified.