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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?
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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.
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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?.
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