Question

to on 1st April 2020 A sinking June amount 400,000 invested investment of face value of 3 60000 out the investment of face vcelul 270000 a Were sold at 110% what would be the profit or loss on sale ​

Answer 1

Answer:

Cost of 5,00,000 FV Investments: 4,50,000

Cost of FV of 1,50,000 Investments: 4,50,000/5,00,000*1,50,000 = 1,35,000

Sale Price = 1,50,000*80% = 1,20,000

Loss Incurred = 1,35,000 - 1,20,000 = 15,000

Explanation:

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