Solve please........

Cost of Goods Sent on Consignment  100000

Less: Goods Lost in Transit 1/10th           10000

Goods received by consignee               90000

Goods Sold by Consignee ½                45000

Cost of Goods in Stock                      45000

Let us assume invoice value of goods is 100

Profit @ 20% of above will be 20

So Cost Price will be 80

Now doing cross Multiplication(Kilwish)

Stock reserve = Rs. 45000 x 20/80 i.e. Rs. 11250/-

	Cost of Goods Sent on Consignment  100000 Less: Goods Lost in Transit 1/10th           10000 Goods received by consignee               90000 Goods Sold by Consignee ½                45000 Cost of Goods in Stock                      45000 Let us assume invoice value of goods is 100 Profit @ 20% of above will be 20 So Cost Price will be 80 Now doing cross Multiplication(Kilwish) Stock reserve = Rs. 45000 x 20/80 i.e. Rs. 11250/-

Agree with this explanation

Originally posted by : sudheer
	Cost of Goods Sent on Consignment  100000 Less: Goods Lost in Transit 1/10th           10000 Goods received by consignee               90000 Goods Sold by Consignee ½                45000 Cost of Goods in Stock                      45000 Let us assume invoice value of goods is 100 Profit @ 20% of above will be 20 So Cost Price will be 80 Now doing cross Multiplication(Kilwish) Stock reserve = Rs. 45000 x 20/80 i.e. Rs. 11250/-

You mention here (Kilwish) what is it................??

Kilwish in math language is Cross multiplication