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A and B enter into a joint venture for purchase and sale of type writer. A purchased typewriter costing rs.200000; printing expenses rs 20000. B sold it at 20% margin on selling price. The sales value will be: a)250000 b)300000 c)200000 d)280000 correct answer is a. why?
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A and B enter into a joint venture for purchase and sale of type write...
Sales value calculation

Cost price:

A purchased typewriter = Rs. 200000

Printing expenses = Rs. 20000

Total cost price = Rs. 220000

Selling price:

B sold it at 20% margin on selling price.

Let the selling price be x.

20% margin on selling price = 0.2x

Cost price + 20% margin on selling price = Selling price

Rs. 220000 + 0.2x = x

0.8x = Rs. 220000

x = Rs. 275000

Therefore, the sales value will be Rs. 275000.

Answer justification

The correct answer given is A) Rs. 250000. However, the calculation done shows that the sales value is Rs. 275000. Therefore, the answer is incorrect.

Explanation

The calculation done to determine the sales value is correct. The cost price is calculated by adding the purchase price and the printing expenses. The selling price is calculated by adding the cost price and the 20% margin on the selling price. The final answer obtained is Rs. 275000.

Conclusion

The correct answer for the question should be Rs. 275000 instead of Rs. 250000.
Community Answer
A and B enter into a joint venture for purchase and sale of type write...
250000
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A and B enter into a joint venture for purchase and sale of type writer. A purchased typewriter costing rs.200000; printing expenses rs 20000. B sold it at 20% margin on selling price. The sales value will be: a)250000 b)300000 c)200000 d)280000 correct answer is a. why?
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A and B enter into a joint venture for purchase and sale of type writer. A purchased typewriter costing rs.200000; printing expenses rs 20000. B sold it at 20% margin on selling price. The sales value will be: a)250000 b)300000 c)200000 d)280000 correct answer is a. why? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and B enter into a joint venture for purchase and sale of type writer. A purchased typewriter costing rs.200000; printing expenses rs 20000. B sold it at 20% margin on selling price. The sales value will be: a)250000 b)300000 c)200000 d)280000 correct answer is a. why? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B enter into a joint venture for purchase and sale of type writer. A purchased typewriter costing rs.200000; printing expenses rs 20000. B sold it at 20% margin on selling price. The sales value will be: a)250000 b)300000 c)200000 d)280000 correct answer is a. why?.
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