Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

accounts

CPT 2081 views 7 replies

Guest

1000 kgs of apples are consigned to a wholesaler, the cost being Rs 3 per kg plus Rs 400 of freight , it is known that a loss of 15% is unavoidable. the cost per kg will be

a. rs5

b. rs4

c. rs3.40

d. rs3

Replies (7)

Guest

X of kolkata sends out 1000 boxes to Y of delhi costing Rs 2000 each. 1/10th of the boxes were lost in transit. 2/3rd of the remaining boxes were sold by consignee at cost + 25%. the value of sale will be

a. 150000

b. 140000

c. 120000

d. 100000

tell me how to calculate this sum

Guest

please kindly answer this question

L KANAGARAJ

Assistant Manager-Finance

615 Points Posted on 21 November 2009

The first one is Rs.4/=

because 1000Kg xRs.3=3000, freight Rs. 400 Total Rs.3400

Loss 15% 0f 1000=150 Kgs.

Balance 850Kgs

hence Rs.3400/850 Kgs=Rs.4

correct me if iam wrong.

CA Dhiraj Ramchandani

CA M. com

10823 Points Posted on 21 November 2009

u r correct kanagaraj

L KANAGARAJ

Assistant Manager-Finance

615 Points Posted on 21 November 2009

The second one may be Rs.15,00,000.

1000 box X Rs.2000 = Rs.20,00,000

1/10 of 1000= 100 box

Balance 900 box

2/3rd of 900 box= 600 box

600 box X Rs.2000=12,00,000

25% margin= 12,00,000 *25%= 3,00,000

so the Ans. is Rs.12,00,000+ Rs.3,00,000= Rs.15,00,000.

correct it if iam wrong.

Guest

Yes Your Both ans is correct but banupriya ur second question's option is wrong

CA. SUDHARSAN K G

Chartered Accountant

472 Points Posted on 22 November 2009


Q1

	DESCRIPTION	KGS	AMOUNT

	CONSIGNED @ 3 P/KG	1000	3000
	NORMAL LOSS 15%	150

	COST	850	3000
	ADD: FREIGHT		400
	TOTAL	850	3400

	So, Cost per KG =	3400
		850

		.= Rs. 4 Per KG

Q2

	DESCRIPTION	BOXES	AMOUNT

	CONSIGNED RS. 2OOO EACH	1000	2000000
	1/10 of goods lost in transit	100	200000

	COST of goods available for sale	900	1800000
	Actual Sales 2/3 @ 25%Margin	600	1500000

	hope you understand the computation