Question

Goods costing 360000 sent to consignee at 20% profit on invoice. What is invoice price of goods?
4,32,000
4,50,000
4,20,000
None​

Answer 1

Answer:

Rs. 4,50,000

Invoice price of goods is Rs. 4,50,000

Explanation:

Given :

Goods costing = Rs. 3,60,000

To consignee at 20 % profit on invoice

To find :

Invoice price of goods

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

⇒ 3,60,000 × 25 / 100

⇒ 90,000

★ Invoice Price = cost + profit

⇒3,60,000 + 90,000

⇒ 4,50,000

Invoice Price = Rs. 4,50,000