Question

sold goods coasting 45000 to Mahesh at the profit of 33*1/3% on cost less 20% trade discount and paid carriage 400 (to be charged from a customer) answer the working notes

Answer 1

Answer:

The answer is 43,200.00

Working-

45000+15000=60000 Invoice price (45000*1/3=15000)

Goods lost 60000*1/10=6000

IP Of goods sent to Consignee = 60000-6000 = 54000

Goods sold by consignee is 2/3 at 20% above IP.

i.e. 54000.00*2/3 = 36000

36000+20%

36000+7200 = 43200

Answer 2

h

Explanation:

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