Question

Goods of the Invoice value Rs. 2,40,000 sent out to consignee at 20% profit on cost. The loading amount
will be:
ay Rs. 40,000 (b) Rs. 48,000
(c)
Rs. 50,000
(d) None
ut​

Answer 1

Answer:

(a) Rs. 40,000

The loading amount = (a) Rs. 40,000

Step-by-step 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 2

$\sf{\bold{\green{\underline{\underline{Given :}}}}}$

Invoice value = ₹ 2,40,000

At the 20% profit on cost

$\sf{\bold{\blue{\underline{\underline{To \: Find :}}}}}$

● The loading amount will be?

$\sf{\bold{\orange{\underline{\underline{solution :}}}}}$

Invoice price = cost + profit

profit on cost price = loading on Cost price

Therefore,Good cost = 100

A/Q,

20% profit on cost

2,40,000/120×100

= 2,00,000

Loading Amount = Invoice value - Good cost

= 2,40,000 - 2,00,000

= 40,000

$\huge{\underline{\underline{\pink{\tt{working\: Note!!!:}}}}}$

20% profit on cost.

2,00,000 ÷ 20×100

= 40,000