Solve please

@ aditya very simply solved.... :)

  @ ranjeet : big answer for a small question.... :) but anyways'll be helpful for my inter.... :) :) :)

Answer is :-   (B) 15,000

Now: Your Query resolved or not?

sales price is cost + 33.33% then,

cost of goods sold will be 100000*100/133.33 = 75000/-

Closing stock = Op. Stock + Pur. - Sales = 40000+80000-75000 = 45000

stock worth 30000/- lost in fire thus value of inventory = 45000 - 30000 = 15000/-

Agree with piyush

sales price is cost + 33.33% then,

cost of goods sold will be 100000*100/133.33 = 75000/-

Closing stock = Op. Stock + Pur. - Sales = 40000+80000-75000 = 45000

stock worth 30000/- lost in fire thus value of inventory = 45000 - 30000 = 15000/-

ya its 15k....but v hav 2 take 33.33% as profit %

If goods are abnormally lost then cost of such goods are not included in purchase, so purchase will be Rs. 50,000 (Rs. 80,000- Rs. 30,000), Gross profit is 1/3rd of cost it means 1/4th of sales. Sales is Rs. 1,00,000 so GP will be Rs. 25,000. Now in Trading A/c at Der side Op stock is Rs. 40,000 , Purchases is Rs. 50,000, GP is 25,000 and at Credit side sale is Rs. 1,00,000. So closing stock as balancing figure will be Rs. 15,000.

what is (100/3)% and how 25% is came what is formula behind this will u please explain me i want to know how this problem is solved

thank you,

the company sell goods at cost + 33% implies that, the selling cost is equal to 1.333 times the cost price so selling cost = 4/3(cost price) implies cost price = 3/4(selling price) so profit = selling price - cost price = selling price - 3/4selling price = 1/4selling price =  0.25*selling price so 25% 25% of sales is 25,000 so gross profit is 25,000 the rest is explained already

@ atul : 33.33% profit on cost is 25% profit on sales means, if u take cost as 100 ur profit would be 33.33 & sales price would be 133.33 now calculating the profit on sales u get 33.33*100/133.33 = 25% profit on Sales