Munnabhai of Surat consigned 100 packets of medicine, each costing ` 500, to his agent Mamu
of Mumbai. He paid ` 1,000 towards freight and insurance. 10 packets were destroyed in transit.
The consignee took delivery of the remaining packets and spent ` 500 as godown rent, ` 2,000
as clearing charges, and ` 500 as selling expenses.
The consignee sold 70 packets @ ` 600 each.
You are required to calculate the cost of goods destroyed in transit and cost of goods in hand.
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Cost of each packet=500
Destroyed Goods. =10
=10×500
=5000
packet which reached is 70 packets
He sell each packet=Rs-600
70 packets. =Rs-600×70
=Rs-42000
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