CA Foundation Exam > CA Foundation Questions > Ram of Delhi sends out goods costing Rs. 2,00...
Start Learning for Free
Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5th of the goods were sold t 20% above cost. The profit on consignment will be:
- a)Rs. 26,000
- b)Rs. 32,000
- c)Rs. 26,200
- d)Rs. (6,000)
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brinda...
(Ram) bears the expenses of transportation and insurance amounting to Rs. 20,000. The terms of the consignment are such that the consignor (Ram) is entitled to a commission of 10% on the sale price of the goods.
If Krishna sells the goods for Rs. 2,50,000, then the following calculations can be made:
Sale price of goods = Rs. 2,50,000
Cost price of goods = Rs. 2,00,000
Expenses (transportation and insurance) = Rs. 20,000
Total cost = Cost price + Expenses = Rs. 2,20,000
Commission of consignor (10% of sale price) = 10% of Rs. 2,50,000 = Rs. 25,000
Net amount payable to consignor = Sale price - Total cost - Commission
= Rs. 2,50,000 - Rs. 2,20,000 - Rs. 25,000
= Rs. 5,000
Therefore, Ram (the consignor) will receive a net amount of Rs. 5,000 as his share of the sale proceeds.
If Krishna sells the goods for Rs. 2,50,000, then the following calculations can be made:
Sale price of goods = Rs. 2,50,000
Cost price of goods = Rs. 2,00,000
Expenses (transportation and insurance) = Rs. 20,000
Total cost = Cost price + Expenses = Rs. 2,20,000
Commission of consignor (10% of sale price) = 10% of Rs. 2,50,000 = Rs. 25,000
Net amount payable to consignor = Sale price - Total cost - Commission
= Rs. 2,50,000 - Rs. 2,20,000 - Rs. 25,000
= Rs. 5,000
Therefore, Ram (the consignor) will receive a net amount of Rs. 5,000 as his share of the sale proceeds.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer?
Question Description
Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? 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 Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? 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 Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer?.
Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? 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 Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? 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 Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer?.
Solutions for Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Ram of Delhi sends out goods costing Rs. 2,00,000 to Krishna of Brindaban. Consignor’s expenses Rs. 5000. Consignee’s expenses in relation to sales Rs. 2,000. 4/5thof the goods were sold t 20% above cost. The profit on consignment will be:a)Rs. 26,000b)Rs. 32,000c)Rs. 26,200d)Rs. (6,000)Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup