Question

On 5th March 2019, Mehta Brothers received 100% advance for goods, to be supplied in the next month. The Cost of the goods was Rs50000. They usually sells the goods at 10% mark up.

Answer 1

Answer:

Cost price = 50000

Sells the good at 10% mark up.

So,

Selling Price = 50000*100/100 = 55000