Question

Joshi trader Nasik has a branch at Aurangabad to which gods are invoiced at cost plus 33.1/3%. opening balance of Branch Stock on 1.1.2020 at invoice price Rs. 240,000. calculate stock reserve

Answer 1

Answer:

Now, percentage of loading on invoice price = {(133.33 - 100) / 133.33} x 100 = 25%.

Explanation:

Hope this may help you