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joint venture

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2011 49. A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs 100000. Repairing expenses Rs 10000, printing expenses Rs 10000. B sold it at 20% margin on selling price. The sales value will be:
(a) Rs.125000
(b) Rs.150000
(c) Rs.100000
(d) Rs.140000

ANS: Rs.150000

Please tell how to calculate?
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ADITI BIDASARIA

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ADITI BIDASARIA (Expert)
24 February 2011 Cost of Typewriter = 100000+10000+10000=120000
Sold goods on 20% margin on sales price means 25% on cost price.
So, 120000 *25%=30000 Rs. Profit
So Sales Price= Cost Price+Profit
=120000+30000=150000 Rs.
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