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M/s Delhi Statio ners purchase 1,000 pcs of cover file @ Rs. 275 per 100 pcs. The wholesaler charged 5% sales tax on cost price. Transport charges were Rs. 50. The purchase price per piece of cover file will be
  • a)
    Rs. 2,937.50
  • b)
    Rs. 293.75
  • c)
    Rs. 29.375
  • d)
    Rs. 2.9375
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
M/s Delhi Statio ners purchase 1,000 pcs of cover file @ Rs. 275 per 1...
Calculation of Purchase Price per Piece of Cover File

Given Data:
- Quantity of Cover File Purchased: 1,000 pcs
- Purchase Price of 100 pcs of Cover File: Rs. 275
- Sales Tax Rate: 5%
- Transport Charges: Rs. 50

1. Calculation of Total Cost of 1,000 pcs of Cover File
- Cost of 100 pcs of Cover File = Rs. 275
- Cost of 1 pc of Cover File = Rs. 2.75 (Divide the cost of 100 pcs by 100)
- Total Cost of 1,000 pcs of Cover File = Rs. 2.75 x 1,000 = Rs. 2,750

2. Calculation of Sales Tax Amount
- Sales Tax Rate = 5%
- Sales Tax Amount = 5% of Total Cost of 1,000 pcs of Cover File
- Sales Tax Amount = 5/100 x Rs. 2,750 = Rs. 137.50

3. Calculation of Total Purchase Cost
- Total Purchase Cost = Total Cost of 1,000 pcs of Cover File + Sales Tax Amount + Transport Charges
- Total Purchase Cost = Rs. 2,750 + Rs. 137.50 + Rs. 50 = Rs. 2,937.50

4. Calculation of Purchase Price per Piece of Cover File
- Purchase Price per Piece of Cover File = Total Purchase Cost / Quantity of Cover File Purchased
- Purchase Price per Piece of Cover File = Rs. 2,937.50 / 1,000 = Rs. 2.9375

Therefore, the correct answer is option 'D', which is Rs. 2.9375.
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M/s Delhi Statio ners purchase 1,000 pcs of cover file @ Rs. 275 per 100 pcs. The wholesaler charged 5% sales tax on cost price. Transport charges were Rs. 50. The purchase price per piece of cover file will bea)Rs. 2,937.50b)Rs. 293.75c)Rs. 29.375d)Rs. 2.9375Correct answer is option 'D'. Can you explain this answer?
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M/s Delhi Statio ners purchase 1,000 pcs of cover file @ Rs. 275 per 100 pcs. The wholesaler charged 5% sales tax on cost price. Transport charges were Rs. 50. The purchase price per piece of cover file will bea)Rs. 2,937.50b)Rs. 293.75c)Rs. 29.375d)Rs. 2.9375Correct answer is option 'D'. 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 M/s Delhi Statio ners purchase 1,000 pcs of cover file @ Rs. 275 per 100 pcs. The wholesaler charged 5% sales tax on cost price. Transport charges were Rs. 50. The purchase price per piece of cover file will bea)Rs. 2,937.50b)Rs. 293.75c)Rs. 29.375d)Rs. 2.9375Correct answer is option 'D'. 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 M/s Delhi Statio ners purchase 1,000 pcs of cover file @ Rs. 275 per 100 pcs. The wholesaler charged 5% sales tax on cost price. Transport charges were Rs. 50. The purchase price per piece of cover file will bea)Rs. 2,937.50b)Rs. 293.75c)Rs. 29.375d)Rs. 2.9375Correct answer is option 'D'. Can you explain this answer?.
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