banner_ad

How was CPT this time?

CPT 3111 views 126 replies

i wrote a 

 

pls ans for tat permutatn ques

how can A pa for loss ???

because ownership has bt passed to b or c. so a will pay. im nt sure 

have u attnded tat permutatn ques

 

Consignment que .. X send good rs. 50000 y at cost+10% y send it to c 20% of invoice price amount of sale wii be? A-55000 B-68750 C-6600 D-5000

ans 66000

thanks man

pls ans for permuttn dude

ans Rs 66000 is wrong....correct ans is Rs 68750.

For X cost =Rs 50000

For Y cost = Rs50000+10%-----Rs55000

Y send it to C @ 20% on invoice price----but here we dont know the invoice price

so we will take 25% on cost------i.e Rs 55000+25%=Rs 68750-----selling price charged by Y to C

for verification of ans : it's given profit is 20% on SP----i.e Rs 68750 * 20%------Rs13750

& on Cost Rs 55000*25%------Rs13750

why 25 % ?

 

Since 50000 is cost price X sends ===> To Y @ ( 50000 + 10 % ) = 55000 

and Y sends ====> To X @ ( 55000 + 20 % ) = 66000

(Note : since Y gets the goods form X at Cost+Mark up == Invoice Price ) so Calculating 20 % on it will be the solution

its a logic....if its 20% on Invoice price that is 1/5th of Invoice price then its always 1/4th on cost price i.e 25% on cost.

& if its 1/6 on invoice price then its going to be 1/5 on cost..i mean denominator is reduced by 1.

Read the question carefully......

@ Sachin Saini : Dude simply answer this the Consignee get the goods on Cost price or Invoice price .. :)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details