well majeetha,
in the first problem instead of following such a long process . it is very simple 20 pc on invoice price means 25 pc on cost so . the stock reserve vl be 45000*25pc = 11250
in the second sum 200000*1/5 =40000 i,e 33.13 pc on cost means 25 pc on sales . 40000*25pc =10000
40000-10000 -insurance claim =20000
.33.13/133.13*100 =25 pc follow the same procedure for others .
ur welcome
X of kolkatha sends out 400 baga to Y on delhi costing rs200 each. consignor exps rs 2000. Y exps non selling rs 2000, selling rs 1000. 300 bags were sold by Y. value of consignment stock is
i have a doubt on certain questions of consignment plz answer me quickly ////
Q1. 1000 kg apples are consigned to a wholeseller . the cost being is rs 3 per kg . rs 40 of freight . its known that a loss of 15 % is unavoidable . the cost per kg will be.
Q2. DRAVID of delhi sends outs goods to sourav of kolkata . goods costing rs 20000 at cost + 25 % with the instructionm to sell it at cost + 50% . if 4/5 of the goods are sold at stipulated selling price and commision allowable 2% sales .. what will b the profit on consignment ion the books of consignor ?
X consigned 100 boxes of mangoes each box costing Rs.400/- to Y.X incurred Rs1500/- towards transportation and insurance.Y paid Rs.500/- as godown rent & Rs.1000/- as selling expenses.Due to weather conditions 10 boxex were totally spoiled and were not fit for consumption.Y sold 70 boxes @ Rs.550/- per box.Find the profit on consignment sales?
Answer:-Rs.4722/-
Can anyone help me in soving this problem PLEASE....
A sends out goods costing 200000 to B. consignor's expenses 5000 consignees expenses in relation to sales 3000 4/5th of goods sold at 20% above cost the profit on consignment
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