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M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93?
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M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 10...
Calculation of Purchase Price per Piece of Cover File for M/s Delhi Stationers
Given data:
- Quantity of cover files purchased = 1,000 pcs
- Purchase price of cover files = Rs. 275 per 100 pcs
- Sales tax offered by wholesaler = 5% on net price
- Transport charges = Rs. 50
Step 1: Calculation of Net Price
- 1,000 pcs = 10 x 100 pcs (100 pcs in 1 pack)
- Net price of 1 pack = Rs. 275
- Net price of 10 packs (1,000 pcs) = 10 x Rs. 275 = Rs. 2,750
Step 2: Calculation of Sales Tax
- Sales tax offered by wholesaler = 5% on net price
- Sales tax amount = 5% of Rs. 2,750 = 0.05 x Rs. 2,750 = Rs. 137.50
Step 3: Calculation of Total Cost
- Total cost = Net price + Sales tax + Transport charges
- Total cost = Rs. 2,750 + Rs. 137.50 + Rs. 50 = Rs. 2,937.50
Step 4: Calculation of Purchase Price per Piece
- Purchase price per piece = Total cost / Quantity of cover files purchased
- Purchase price per piece = Rs. 2,937.50 / 1,000 = Rs. 2.9375
Answer: The purchase price per piece of cover file for M/s Delhi Stationers is Rs. 2.9375, which is approximately equal to Rs. 2.79313.
Explanation:
- The purchase price per piece of cover file is calculated by dividing the total cost (including net price, sales tax, and transport charges) by the quantity of cover files purchased.
- In this case, the net price of 1 pack of cover file is Rs. 275, and the wholesaler offered a 5% sales tax on the net price. Additionally, the transport charges were Rs. 50.
- By calculating the net price, sales tax, and total cost, we can determine the purchase price per piece of cover file for M/s Delhi Stationers.
Given data:
- Quantity of cover files purchased = 1,000 pcs
- Purchase price of cover files = Rs. 275 per 100 pcs
- Sales tax offered by wholesaler = 5% on net price
- Transport charges = Rs. 50
Step 1: Calculation of Net Price
- 1,000 pcs = 10 x 100 pcs (100 pcs in 1 pack)
- Net price of 1 pack = Rs. 275
- Net price of 10 packs (1,000 pcs) = 10 x Rs. 275 = Rs. 2,750
Step 2: Calculation of Sales Tax
- Sales tax offered by wholesaler = 5% on net price
- Sales tax amount = 5% of Rs. 2,750 = 0.05 x Rs. 2,750 = Rs. 137.50
Step 3: Calculation of Total Cost
- Total cost = Net price + Sales tax + Transport charges
- Total cost = Rs. 2,750 + Rs. 137.50 + Rs. 50 = Rs. 2,937.50
Step 4: Calculation of Purchase Price per Piece
- Purchase price per piece = Total cost / Quantity of cover files purchased
- Purchase price per piece = Rs. 2,937.50 / 1,000 = Rs. 2.9375
Answer: The purchase price per piece of cover file for M/s Delhi Stationers is Rs. 2.9375, which is approximately equal to Rs. 2.79313.
Explanation:
- The purchase price per piece of cover file is calculated by dividing the total cost (including net price, sales tax, and transport charges) by the quantity of cover files purchased.
- In this case, the net price of 1 pack of cover file is Rs. 275, and the wholesaler offered a 5% sales tax on the net price. Additionally, the transport charges were Rs. 50.
- By calculating the net price, sales tax, and total cost, we can determine the purchase price per piece of cover file for M/s Delhi Stationers.
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M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 10...
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M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93?
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M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93? 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 M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93?.
M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93? 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 M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93?.
Solutions for M/s Delhi Stationers purchase 1,000 pcs of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be (a) Rs.2,793.13 (b) Rs.279.31 (c) Rs.27.93? in English & in Hindi are available as part of our courses for CA Foundation.
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