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
Can u explain it ?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Follow