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Discussion > Exams > CPT >

Cpt doubt

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no

[ Scorecard : 1446]
Posted On 12 June 2012 at 17:35 Report Abuse

A). s & g are partners sharing profit & losses ratio 4:1.m was manager who received salary 4000/- p.m in addition to a commission of 5% on net profits after charging such commission.profits of the year 678000/-.total remuneration of m will be

a). 78000

b). 88000

c).76000

d).87000

B). there are 1000kg apples sent on consignment,cost being 3/- per kg.freight paid by consignor & consignee 4000/- & 2500/-.15% loss is unavoidable.what is the per kg value.

a).6.94

b).4.5

c).4.75

d).4.25



Obula Reddy
Hyderabad

[ Scorecard : 24]
Posted On 12 June 2012 at 18:03

no answers in the options

 




Tejaswi Kasturi
student-cpt

[ Scorecard : 402]
Posted On 12 June 2012 at 18:48

678000-4000*12=630000 from this 5% commission after charging such commission implies 630000*5/105 = 30,000 so total remmuneration = 30,000+48,000=78,000. Initially i made mistake by taking the remmuneration for one month as remmuneration for one year

total cost of apples = 3000+6500 = 9500 9500/850 is teh cost of apples per kg = 11.17



Total thanks : 1 times


sheena
ARTICLESHIP

[ Scorecard : 175]
Posted On 12 June 2012 at 18:53

a)78000 

b)no ans in d option



intermediate(ipc)course
no

[ Scorecard : 1446]
Posted On 12 June 2012 at 18:58

how 78000/- 2nd answer is 6.94/-



RaGHuRaM :-)
The Easy are never Good and the Good are never Easy....

[ Scorecard : 4879]
Posted On 12 June 2012 at 19:07

1.) 6,78,000-(4000 X 12) = 630000 Commission = 630000 x 5/105 = 30000. Therefore total remuneration = (4000 x 12) + 30000 = 78000


sheena
ARTICLESHIP

[ Scorecard : 175]
Posted On 12 June 2012 at 19:12

how 6.94?



RaGHuRaM :-)
The Easy are never Good and the Good are never Easy....

[ Scorecard : 4879]
Posted On 12 June 2012 at 19:42

For the answer to be 6.94, the freight paid by consignor should be 400. So can you please verify the question....


Ishant
ICAI

[ Scorecard : 26]
Posted On 12 June 2012 at 20:05

LOLz........



Roshan A
Aspiring Chartered Accountant(ACA) :)

[ Scorecard : 350]
Posted On 13 June 2012 at 11:35

Its hilarious to see freight charges to be more than the basic cost of Appleslaugh  enlightened


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