Question
A consignor sends goods costing ₹2,00,000 to consignee
at invoice price of 125% of cost. 1/10th goods are lost in transit (abnormal). Consignee sells 75% of remaining goods at 20% profit on invoice price. Calculate profit on consignment.Solution
Invoice price = 2,00,000 × 125% = ₹2,50,000. Loss in transit = 25,000 (abnormal → transferred to P&L). Goods left = 2,25,000. Sold = 75% = ₹1,68,750. Cost of these = 75% of 1,80,000 = ₹1,35,000 Sale value = 1,68,750 × 120% = ₹2,02,500. Profit = 2,02,500 – 1,35,000 = ₹67,500.
What is the primary objective of the Teacher Interface for Excellence (TIE) programme approved by Rajasthan Chief Minister Ashok Gehlot?
Who has recently become the elected President of Maldives?
What is the percentage stake acquired by Bank of India in CCIL IFSC?
Consider the following statement about “SATHI Initiative".
1. It is an initiative by the Department of Higher Education
2. Centre’...
Which country has become the first country in the world to reach the south pole of the moon?
With which international organization has the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) collaborated to empower women in ...
“Tulsi Ghat Restoration Project” is launched by External affair Minister in which country
Where was the panel discussion on the role of the G20 in creating global economic stability held?
Consider the following statements about LCH Prachand:
1. It is India’s first indigenous multi-role combat helicopter
2. It is equipped...
Which of the following rivers originates from a hot water source?
