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Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban . Consignors expenses ₹5000 consignee expenses in relation to sales ₹ 2000 . 4/5 of the goods were sold at 20% above cost . The profit on consignment will be?
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Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban ....
Calculation of Profit on Consignment



  • Cost of goods sent out by Ram = ₹200000

  • Consignment expenses incurred by Ram = ₹5000

  • Consignment expenses incurred by Krishna = ₹2000 (in relation to sales)

  • Total expenses incurred = ₹7000



Sales of Goods



  • 4/5 of the goods were sold

  • Selling price of 4/5 of the goods = 20% above cost



Calculation of Profit



  • Selling price of 4/5 of the goods = 1.2 x Cost

  • Selling price of 4/5 of the goods = 1.2 x ₹160000 (4/5 of ₹200000)

  • Selling price of 4/5 of the goods = ₹192000

  • Profit on sales of 4/5 of the goods = ₹192000 - ₹160000 = ₹32000

  • Profit on consignment = Profit on sales - Total expenses incurred

  • Profit on consignment = ₹32000 - ₹7000 = ₹25000



Explanation


In this question, Ram of Delhi sends out goods costing ₹200000 to Krishna of Brindaban. Ram incurs consignment expenses of ₹5000 and Krishna incurs consignee expenses of ₹2000 in relation to sales. 4/5 of the goods were sold at 20% above cost.

To calculate the profit on consignment, we first need to calculate the total expenses incurred. This includes the consignment expenses incurred by Ram and the consignee expenses incurred by Krishna.

Next, we calculate the sales of the goods. As 4/5 of the goods were sold at 20% above cost, we can calculate the selling price of the goods and then calculate the profit on sales of 4/5 of the goods.

Finally, to calculate the profit on consignment, we subtract the total expenses incurred from the profit on sales. The profit on consignment in this case is ₹25000.
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Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban ....
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Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban . Consignors expenses ₹5000 consignee expenses in relation to sales ₹ 2000 . 4/5 of the goods were sold at 20% above cost . The profit on consignment will be?
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Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban . Consignors expenses ₹5000 consignee expenses in relation to sales ₹ 2000 . 4/5 of the goods were sold at 20% above cost . The profit on consignment will be? 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 Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban . Consignors expenses ₹5000 consignee expenses in relation to sales ₹ 2000 . 4/5 of the goods were sold at 20% above cost . The profit on consignment will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram of Delhi sends out goods costing ₹200000 to krishna of brindaban . Consignors expenses ₹5000 consignee expenses in relation to sales ₹ 2000 . 4/5 of the goods were sold at 20% above cost . The profit on consignment will be?.
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