Urgent

1. For ur first Q, the answer is 30%

3. Answer for LIFO method

2. Answer for 2nd Q,

If X has spent all the amount, except for Rs. 3000... While, Y has recd goods of Rs. 5000 and as well as cash from SALES....

So, i think its Y who will remmit the amount and not X...

Moreover, goods costing Rs. 5000 are taken away by Y. So, profit is Rs. 20000 (35000 - 15000), less : Rs. 23000 expenses (20000 by X to Z and 3000 by Y for carriage)....

So, net loss is Rs. 3000, i.e 1:1 to X & Y, so loss distributed is Rs. 1500...

REMITTANCE PART goes in this way :

Amount Payable by Y :

35000 (cash recd for sales) + 5000 (goods taken over) - 1500 (loss)

= Rs. 38500/-

Amount recievalbe by X :

20000 (cost of goods) + 20000 (expenses paid to Z) - 1500 (loss)

= Rs. 38500/-

I am agree

Y will pay X rs.38500

thanks and How is 30% pleaes provide working note

The Date Of Depreciation Will be 30% .Working is as follows:

Let Cost = Rs.100

Let Rate = x%

Depreciation=100-24=Rs.76

ATQ

100*(100-x)/100*(100-x)/100*(100-x)/100=76

Solved This And your answer will be 30%

Thanks Manish.

Dhiraj is right.