Q/ X send out goods costing Rs90,000 to Y at a profit of 25% on invoice price goods were lost in transit. 2/3of the goods received were sold at 20% above IP. 1/3 of sales are on credit.The amount of credit sales will be
Q/ X send out goods costing Rs90,000 to Y at a profit of 25% on invoice price goods were lost in transit. 2/3of the goods received were sold at 20% above IP. 1/3 of sales are on credit.The amount of credit sales will be
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 20 March 2012
Agree with Raja . The answer is 32,000 .
CAclubindia
