Dare to solve it

if u solve it then u'll be considered a genious invoice value of goods consigned rs. 50420 being cost + 2/3rd +rs. 420 towards forwarding charges. 1/10th goods lost in transit. ? 9/10th of remaining goods were sold at a profit of 64% on cost. consignee commission was 25% of the invoice price of the goods sold and 10% of the price realized above the invoice price. consignee's direct expenses were rs. 2000 and indirect expenses were rs. 500. u need to calculate : 1. cost of total goods sent on consignment 2. abnormal loss 3. sales value 4. commission 5. value of closing stock 6. amount of stock reserve
Replies (2)

1 COST OF TOTAL GOODS SENT ON CONSIGNMENT : Rs.30,000

2. abnormal loss Rs.3,042.00

3. sales value : Rs.40,192.20
4. commission : Rs.10,210.00
5. value of closing stock : Rs.4,737.80 ( inclusive of stock reserve )
6. amount of stock reserve : Rs.1,800.00

Read more at: /forum/dare-to-solve-it-329019.asp#.VXGc-Y5ETK8
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