Question

Goods Purchased from Radha cost Rs. 8000 sold to Shyam at profit of 20% on selling price. What amount will be recorded in Sales Book?​

Answer 1

9600

Explanation:

8000×20\100= 1600

8000+1600= 960

sale= 9600

Answer 2

Given,

The cost price of the goods purchased from Radha = Rs. 8000

Profit percentage earned by selling the goods to Shyam = 20 %

To find,

The amount recorded in Sales Book.

Solution,

We can simply solve this mathematical problem using the following process:

Let us assume that the profit earned by selling the goods to Shyam is equal to Rs. x.

Mathematically,

(a) (Selling price) = (cost price) + (profit earned)

(b) profit percentage = (profit earned)/(cost price)×100

{Statement-1}

Now, according to the question;

Profit percentage earned by selling the goods to Shyam = 20 %

=> (profit earned)/(cost price)×100 = 20%

{according to statement-1 (b)}

=> (x)/(8000)×100 = 20

=> x/8000 = 20/100 = 1/5

=> x = 8000/5 = 1600

=> profit earned by selling the goods to Shyam = Rs. 1600

Now, according to statement-1 (a);

The amount recorded in Sales Book

= the selling price of the goods

= (cost price) + (profit earned)

= Rs. 8000 + Rs. 1600

= Rs. 9600

Hence, the amount recorded in Sales Book is Rs. 9600.