intermediate(ipc)course
no
[ Scorecard : 1446]
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Posted On 12 June 2012 at 17:35
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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
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Obula Reddy
Hyderabad
[ Scorecard : 24]
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Posted On 12 June 2012 at 18:03
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no answers in the options
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Tejaswi Kasturi
student-cpt
[ Scorecard : 402]
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Posted On 12 June 2012 at 18:48
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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
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sheena
ARTICLESHIP
[ Scorecard : 175]
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Posted On 12 June 2012 at 18:53
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a)78000
b)no ans in d option
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intermediate(ipc)course
no
[ Scorecard : 1446]
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Posted On 12 June 2012 at 18:58
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how 78000/- 2nd answer is 6.94/-
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RaGHuRaM :-)
The Easy are never Good and the Good are never Easy....
[ Scorecard : 4879]
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Posted On 12 June 2012 at 19:07
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1.) 6,78,000-(4000 X 12) = 630000 Commission = 630000 x 5/105 = 30000. Therefore total remuneration = (4000 x 12) + 30000 = 78000
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sheena
ARTICLESHIP
[ Scorecard : 175]
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Posted On 12 June 2012 at 19:12
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RaGHuRaM :-)
The Easy are never Good and the Good are never Easy....
[ Scorecard : 4879]
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Posted On 12 June 2012 at 19:42
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For the answer to be 6.94, the freight paid by consignor should be 400. So can you please verify the question....
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Ishant
ICAI
[ Scorecard : 26]
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Posted On 12 June 2012 at 20:05
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Roshan A
Aspiring Chartered Accountant(ACA) :)
[ Scorecard : 350]
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Posted On 13 June 2012 at 11:35
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Its hilarious to see freight charges to be more than the basic cost of Apples 
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