Question

lacration 4
A Lid. bas a retail branch at Nagpur and goods are sold to customers at cost plus 100%. The
wholesale price is cost plus 80 %. Goods are invoiced to Nagpur at wholesale price. From the
following particulars find out the profil made at Head office and Nagpur for the year 2013-2014
H.O.
Nagpur
Stock on July, 2013
25.000
Purchases
1.50,000
Goods sent to Branch (Invoice Price)
54.000
Sales
1.53.000
50.000
Stock on 30th, June
60,000
1.000
Sales al H.O. are made only on whole-sale basis and that at Branch only to customers. Stock at
branch is valued at Invoice Price​

Answer 1

Answer:

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