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Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment received in cash?
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Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment re...
Cost and Selling Price Calculation:
- Cost of goods = $20000
- Profit percentage = 33 1/3%
- Selling price = Cost + Profit = $20000 + $6666.67 = $26666.67

Payment Received:
- Three fourth payment received in cash means 3/4 of the selling price is received.
- Amount received in cash = (3/4) x $26666.67 = $20000

Remaining Payment:
- Remaining payment = Selling price - Amount received in cash = $26666.67 - $20000 = $6666.67

Conclusion:
- The goods costing $20000 were sold at a profit of 33 1/3% with three fourth payment received in cash. The remaining payment to be received is $6666.67.
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Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment re...
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Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment received in cash?
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Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment received in cash? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment received in cash? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goods costing 20000 sold at aptofit of 33 1/3% three fourth payment received in cash?.
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