Question

Radha Textiles, with its H.O. at Delhi , invoiced goods to its branch at Amritsar at 20% less than the list price which is cost plus 100% with instructions that cash sales were to be made at invoice price and credit sales at the list price. From the following particulars calculate Shoratge at branch at invoice price: Opening stock at invoice price Rs.60,000, Goods received from H.O. Rs.6,60,000; Sales: cash: Rs.2,30,000; Credit : Rs. 500,000; Closing Stock: Rs.88,000​

Answer 1

Answer:

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