Question

prepare sales book from the following transactions 1/5/2016 sold 20 pen set to smart traders 6/5/2016 sold 2 dozens of notebooks at 300 per dozen to sharada book stories at 5% 9/5/2016 sold to guru publishers 15 rolls of paper at rs 50 each 17/5/2016 old motor car sold to shiva motors for rs 8000 on credit 20/5/2016 sold to nandish and co. 20 notebooks at rs 35 each, 15 notepads at rs 10 each .trade discount at 5%

Answer 1

Answer:

Nandlal bought 20 dozen Notebooks at Rs.156 per dozen

Total purchasing price =156×20

=3120

He sold 8 dozen at 10% profit + 12 dozen at 20% profit

[156×8+

100

156×8×10

]+[156×12+

100

156×12×20

]

⇒1248+

10

1248

+1872+

10

3744

⇒

10

3120+1248+3744

⇒3619.20

So selling price =3619.2

profit = selling price -purchasing price

=3619.2−3120

=499.2

profit %=

3120

499.2×100

=16% Ans