How was CPT this time?

CPT 2987 views 126 replies

i wrote a 

 

Replies (126)

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