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Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:
- a)Rs. 25,000
- b)Rs. 22,250
- c)Rs. 23,750
- d)Rs. 24,500
Correct answer is option 'C'. Can you explain this answer?
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Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 a...
Calculation of Cost Price:
Total cost of goods = Rs. 20,000
Freight paid by Ram = Rs. 1,000
Total cost of goods for Shyam = Rs. 21,000
Carriage paid by Shyam = Rs. 500
Total cost of goods for Shyam = Rs. 21,500
Total goods sold = Rs. 18,000
Remaining goods at cost price = Rs. 3,500
Calculation of Profit:
Total sales = Rs. 25,000
Total cost of goods sold = Rs. 18,000
Profit = Rs. 7,000
Calculation of Profit Share:
Profit share of Ram = Profit share of Shyam
Let the profit share be x
x + x = Rs. 7,000
2x = Rs. 7,000
x = Rs. 3,500
Amount to be paid by Shyam to Ram:
Shyam's cost price = Rs. 21,500
Shyam's profit share = Rs. 3,500
Total amount to be divided between Ram and Shyam = Rs. 25,000 (sales)
Ram's cost price = Total cost price - Shyam's cost price = Rs. 20,500
Ram's profit share = Rs. 3,500
Ram's total share = Rs. 20,500 (cost price) + Rs. 3,500 (profit share) = Rs. 24,000
Shyam's total share = Rs. 21,500 (cost price) + Rs. 3,500 (profit share) = Rs. 25,000
Amount to be paid by Shyam to Ram = Ram's total share - Ram's cost price = Rs. 24,000 - Rs. 20,500 = Rs. 3,500
Therefore, the correct answer is option C) Rs. 23,750.
Total cost of goods = Rs. 20,000
Freight paid by Ram = Rs. 1,000
Total cost of goods for Shyam = Rs. 21,000
Carriage paid by Shyam = Rs. 500
Total cost of goods for Shyam = Rs. 21,500
Total goods sold = Rs. 18,000
Remaining goods at cost price = Rs. 3,500
Calculation of Profit:
Total sales = Rs. 25,000
Total cost of goods sold = Rs. 18,000
Profit = Rs. 7,000
Calculation of Profit Share:
Profit share of Ram = Profit share of Shyam
Let the profit share be x
x + x = Rs. 7,000
2x = Rs. 7,000
x = Rs. 3,500
Amount to be paid by Shyam to Ram:
Shyam's cost price = Rs. 21,500
Shyam's profit share = Rs. 3,500
Total amount to be divided between Ram and Shyam = Rs. 25,000 (sales)
Ram's cost price = Total cost price - Shyam's cost price = Rs. 20,500
Ram's profit share = Rs. 3,500
Ram's total share = Rs. 20,500 (cost price) + Rs. 3,500 (profit share) = Rs. 24,000
Shyam's total share = Rs. 21,500 (cost price) + Rs. 3,500 (profit share) = Rs. 25,000
Amount to be paid by Shyam to Ram = Ram's total share - Ram's cost price = Rs. 24,000 - Rs. 20,500 = Rs. 3,500
Therefore, the correct answer is option C) Rs. 23,750.
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Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer?
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Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer?.
Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer?.
Solutions for Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA CPT.
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Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Ram in a joint venture with Shyam purchased goods costing Rs. 20,000 and sends to Shyam for sale incurring Rs.1,000 on freight. Shyam took the delivery and paid Rs. 500 as carriage.He sold the goods costing Rs. 18,000 for Rs. 25,000 and kept the remaining goods at cost price. Sharing equal profits of the venture, amount to be paid by Shyam to Ram will be:a)Rs. 25,000b)Rs. 22,250c)Rs. 23,750d)Rs. 24,500Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA CPT tests.
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