Question

A purchased goods costing t 2,50,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 12,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture. Ops: A NIL B O150,000 C 0145,000 D. 0.55,250. ​

Answer 1

Explanation:

joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 12,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture. Ops: A NIL B O150,000 C 0145,000 D. 0.55,250

Answer 2

Answer:

Explanation:

Purchsed goods=200000. (4/5of 200000=160000)160000of goods sold 250000(250000-160000=90000profit on sale) & remaing price of good 40000 goods sold 20% loss (40000 of 20%=8000loss on sale)goods sold 40000-8000loss=32000.profit venture=profit90000-8000loss=82000