L Of Lucknow Consigned Goods Costing Rs. 60,000 To A Of Allahabad At An Invoice Price Bearing 331/3 % Mark Up On The Cost Price. Goods Costing Rs. 15,000 Were Damaged In The Transit And The Insurance Company Admitted The Claim In Full. Expenses Incurred By The Consignor On Loading And Transportation Of The Goods Amounted To Rs. 1,800. The Consignee Incurred Rs. 200 On Cartage And Rs. 6,000 As Godown Rent And Sold 2/3 Of The Goods Received By Him At The Invoice Price. He Is Entitled To 5% Normal Commission And 2.5% Del Credere Commission. Find The Value Of Goods Sold
Answers
Answer:
Explanation:
L of Lucknow consigned goods costing Rs.60,000 to A of Allahabad at an invoice price bearing 33.1/3 mark up on the cost price.
Goods costing Rs.15,000 were damaged in the transit and the insurance company admitted the claim in full.
Expenses incurred by the consigner on loading and transportation of the goods amounted to Rs.1800.
The consignee incurred Rs.200 on cartage and Rs.6000 as Godown Rent and sold 2/3 of the goods received by him at the invoice price. He is entitled to 5% normal commission and 2.5% delcredere commission. The value of goods sold Rs. 40000
Answer:
GOODS SENT=60000
Less LOSS IN TRANSIT=(15000)
REMAINING GOODS = 45000 and 2/3 were sold
that is 30000.
30000*1/3(Invoice price)= 10000
30000+10000=40000
Explanation:
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