Class 11 Exam > Class 11 Questions > Goods sold to satya Prakash costing Rs 20000 ...
Start Learning for Free
Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer?
Most Upvoted Answer
Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sal...
Calculation of Cost Price
The cost price of the goods sold is Rs 20,000.
Calculation of Selling Price
Profit on sales = 20%
Profit = 20% of cost price = (20/100) * 20000 = Rs 4000
Selling price = Cost price + Profit = 20000 + 4000 = Rs 24000
Calculation of Trade Discount
Trade Discount = 10% of Selling Price = (10/100) * 24000 = Rs 2400
Calculation of Net Selling Price
Net Selling Price = Selling Price - Trade Discount = 24000 - 2400 = Rs 21600
Calculation of Cartage
Cartage paid = Rs 100
Cartage to be charged by customer = Rs 100
Calculation of Amount Payable by Customer
Amount Payable by Customer = Net Selling Price + Cartage to be charged by customer
Amount Payable by Customer = 21600 + 100 = Rs 21700
Therefore, Satya Prakash has to pay Rs 21,700 for the goods sold to him.
The cost price of the goods sold is Rs 20,000.
Calculation of Selling Price
Profit on sales = 20%
Profit = 20% of cost price = (20/100) * 20000 = Rs 4000
Selling price = Cost price + Profit = 20000 + 4000 = Rs 24000
Calculation of Trade Discount
Trade Discount = 10% of Selling Price = (10/100) * 24000 = Rs 2400
Calculation of Net Selling Price
Net Selling Price = Selling Price - Trade Discount = 24000 - 2400 = Rs 21600
Calculation of Cartage
Cartage paid = Rs 100
Cartage to be charged by customer = Rs 100
Calculation of Amount Payable by Customer
Amount Payable by Customer = Net Selling Price + Cartage to be charged by customer
Amount Payable by Customer = 21600 + 100 = Rs 21700
Therefore, Satya Prakash has to pay Rs 21,700 for the goods sold to him.
Attention Class 11 Students!
To make sure you are not studying endlessly, EduRev has designed Class 11 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 11.
|
Explore Courses for Class 11 exam
|
|
Similar Class 11 Doubts
Top Courses for Class 11View all
Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer?
Question Description
Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer?.
Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer?.
Solutions for Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? in English & in Hindi are available as part of our courses for Class 11.
Download more important topics, notes, lectures and mock test series for Class 11 Exam by signing up for free.
Here you can find the meaning of Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? defined & explained in the simplest way possible. Besides giving the explanation of
Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer?, a detailed solution for Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? has been provided alongside types of Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? theory, EduRev gives you an
ample number of questions to practice Goods sold to satya Prakash costing Rs 20000 at a profit of 20% on sales, less 10% Trade discount and paid cartage of Rs 100 to be charged by customer? tests, examples and also practice Class 11 tests.
|
|
Explore Courses for Class 11 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
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup