X sent out goods at invoice value of Rs2,50,000 to Y at 25% profit on cost price.Consignor's expenses Rs 25,000, Consignees Expenses-Non reccuring Rs 17500, selling expenses Rs 2,500. 1/10th of the goods were lost in transit. 9/10th of the balance goods were sold. The amount of stock reserve on consignmenmt stock will be:
a) 16,200
b)45,000 (answer for this question asper text book is C(40500) but as per me the answer is B(45000))
c)40,500
d)none (please tel me if my answer is correct??)
Q2) Opening Consignment stock Rs 20,000. Goods sent out on consignment RS 4,00,000. Consignors expenses Rs 10,000. Consignees expense in relation to sales Rs 4,000. Cash sales Rs 2,00,000, Credit sales 2,20,000.. Ordinary commission payable to consignee Rs 5,600 Del-credre commission 2%. The amount irrecoverable from customer Rs 4,000. What will be the profit on consignment??
a)76,000
b)80,000 (answer as per text book is A(76000) and answer as per my calculations is C (72000)
c)72,000
d)86,000 PLS tel me if my answer is correct ?? if no then y???)
Q3) X sent out goods costing Rs 4,00,000 to Y. Consignor expenses Rs 10,000. Consignees Expenses in relation to sales Rs 4,000. 4/5 th of the goods were sold at 20% above cost. The profit on consignment will be:
a) 52,000
b)64,000
c)52,400
d)(12,000) wat is the answer??? i tried but didnt find the answer pls help ???
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