(c) 2,10,000
6. Goods of the invoice value * 2,40,000 sent out to consignee at 20% profit on cost. The loading
amount will be
(a) 40,000
(c) 50.000
(b) * 48.000
(d) None
goods for the value of 8,250 to Raj of Kanpur paid freight etc. of 3 650 and
for 3,000 as an advance against
Answers
Answer:
★ Appropriate question :
6. Goods of the invoice value * 2,40,000 sent out to consignee at 20% profit on cost. The loading
amount will be
(a) 40,000
(c) 50.000
(b) * 48.000
(d) None
Explanation:
Given :
Invoice value = Rs. 2,40,000
Sent out to consignee at 20% profit on cost
To find :
The loading amount
Solution :
Invoice Price = Cost + Profit
Profit on cost price = loading on cost price
Find the goods cost :
Suppose,
Goods cost = 100
★ According to the question :
20% profit on cost
Loading = 20 % on cost
So,
Selling price = 120
⇒ 2,40,000 / 120 × 100
⇒ 2,00,000
★ The loading amount = Invoice value - Goods cost
⇒ 2,40,000 - 2,00,000
⇒ 40,000
Therefore,
(a) Rs. 40,000
The loading amount = (a) Rs. 40,000
____________________________
★ Verification :
20% profit on cost
So,
⇒ 2,00,000 × 20 ÷ 100
⇒ 40,000
Invoice Price = Cost + Profit
⇒ 2,40,000 = 2,00,000 + 40,000
Answer:
Correct Question
6). Goods of the invoice value * 2,40,000 sent out to consignee at 20% profit on cost. The loading
amount will be
(a) 40,000
(c) 50.000
(b) 48.000
(d) None
Explanation:
Solution:
invoice value Rs 2,40,000
Cost + Profit = invoice price
Consider,
cost = x
=> x + 20% of x = 2,40,000
=> x + 20x/100 = 2,40,000
=> 1.2x = 2,40,000
=> x = 2,40,000/1.2
=> x = 2,00,000
cost = Rs 2,00,000
Loading amount = invoice price - cost
=> 2,40,000 - 2,00,000
=> 40,000
Loading amount = 40,000
.°. (a) 40,000
Loading amount = 40,000