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X consigned goods to Y costing 30,000 at cost plus 25%. These goods are to be sold at invoice value plus 10%. Y sold a part of the goods for * 33,000. What will be the value of stock lying with Y that will be shown by X at the closing of accounts? (a) 8,250 (c) 7,500 (b) 6,000 (d) 8,000?
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X consigned goods to Y costing 30,000 at cost plus 25%. These goods ar...
Given:
Cost of goods consigned by X to Y = 30,000
Markup charged by X = 25%
Markup charged by Y = 10%
Value at which Y sold a part of the goods = 33,000

To Find:
Value of stock lying with Y that will be shown by X at the closing of accounts

Solution:
1. Calculation of Selling Price charged by X:
Cost Price = 30,000
Markup = 25%
Markup on Cost = (25/100) * 30,000 = 7,500
Selling Price = Cost Price + Markup on Cost = 30,000 + 7,500 = 37,500

2. Calculation of Selling Price charged by Y:
Cost Price = 30,000
Markup = 10%
Markup on Cost = (10/100) * 30,000 = 3,000
Selling Price = Cost Price + Markup on Cost = 30,000 + 3,000 = 33,000

3. Calculation of Value of Stock lying with Y:
Selling Price charged by Y = 33,000
Cost Price = 30,000
Profit = Selling Price - Cost Price = 33,000 - 30,000 = 3,000
Profit as a percentage of Cost Price = (3,000/30,000) * 100 = 10%
Value of Stock lying with Y = (100/110) * (Cost Price + Profit) = (100/110) * (30,000 + 3,000) = 27,273.73

4. Calculation of Value of Stock shown by X:
Value of Stock shown by X = Cost Price - Value of Stock lying with Y = 30,000 - 27,273.73 = 2,726.27

Answer:
The value of stock lying with Y that will be shown by X at the closing of accounts is Rs. 2,726.27 which is approximately equal to Rs. 2,726. Therefore, the correct option is (d) 8,000.
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X consigned goods to Y costing 30,000 at cost plus 25%. These goods are to be sold at invoice value plus 10%. Y sold a part of the goods for * 33,000. What will be the value of stock lying with Y that will be shown by X at the closing of accounts? (a) 8,250 (c) 7,500 (b) 6,000 (d) 8,000?
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X consigned goods to Y costing 30,000 at cost plus 25%. These goods are to be sold at invoice value plus 10%. Y sold a part of the goods for * 33,000. What will be the value of stock lying with Y that will be shown by X at the closing of accounts? (a) 8,250 (c) 7,500 (b) 6,000 (d) 8,000? 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 X consigned goods to Y costing 30,000 at cost plus 25%. These goods are to be sold at invoice value plus 10%. Y sold a part of the goods for * 33,000. What will be the value of stock lying with Y that will be shown by X at the closing of accounts? (a) 8,250 (c) 7,500 (b) 6,000 (d) 8,000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X consigned goods to Y costing 30,000 at cost plus 25%. These goods are to be sold at invoice value plus 10%. Y sold a part of the goods for * 33,000. What will be the value of stock lying with Y that will be shown by X at the closing of accounts? (a) 8,250 (c) 7,500 (b) 6,000 (d) 8,000?.
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