Question

X of Kolkata sends out goods costing Rs. 3,00,000 to Y of Delhi. Goods are to be sold at cost plus 33.1/3%. The consignor asked consignee to pay an advance for an amount equivalent to 60% of sales value. Amount of advance will be ___________​

Answer 1

Answer:

RS. 2,40,000

Explanation:

Invoice Price= Cost +Load

here, cost=300000

Load =33.1/3%

that's why Invoice price = 300000 +33.333%=Rs 400000

Now, advance =60% of IP= 60%× 4,00,000=RS2,40,000