Any formula?

CPT 894 views 9 replies

Goods costing 100000 are consigned at 20% on invoice price.What is its load?

Replies (9)

100000*100/80=125000 rupees

rectify me if i am wrong

125000 is invoice price

125000(25% on cost)

it loading is 125000*25/125 =25000

IN CONSIGNMENT CHAPTER WHAT IS THIS INVOICE PRICE,COST & LOADING RELATE TO.JUST TELL ME RELATION BETWEEN THESE THREE.

ya thank you frnds..

try this method

in each case whether %age of loading is given on invoice price or cost price you will take that %age as numerator


now as all of us know that Invoice Price Is Always Bigger Than Cost Price

If you have been given Cost price then since it is SMALLER (-) as compare to Invoice Price use 100(-)%age as Denominator

If you have been given Invoice Price then since it is BIGGER (+) as compare to Cost price use 100(+)%age as Denominator


by applying this formula you will get the loading amt. and then u can find the CP or SP by adding or subtracting loading from the given figure as the case may be



use this you will never be confused in these type of probs


In simple language cost means cost price... load means profit... n Invoice price means selling price...

for example if cost is 100 n load is 20% on cost then Invoice price is 100 + (20% of 100), i.e 120

now if the load is on Invoice price then assume Invoice price be 100 then load will be 20 n cost will be 80, i.e (100-20).. now apply simple maths... if cost is 80 n we have 100 as invoice price then what will be invoice price if coat is 1 n subsequently what will be invoice price if cost is 100..

80 cost then 100 invoice

1 cost then 100/80 invoice price

100 cost then (100/80)* 100

 

i hope its clear now...

ya its clear now...


CCI Pro

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