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Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.?
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Sold goods to y costing 10000 at 20% profit on cost less 10 %trade dis...
Understanding the Transaction
In this scenario, we are selling goods to a customer, Y, with specific pricing conditions. Let’s break down the calculation of the selling price.
Cost Price
- The cost price (CP) of the goods is 10,000.
Profit Calculation
- A profit of 20% on the cost price is applied.
- Profit = 20% of 10,000 = 0.2 * 10,000 = 2,000.
Calculating Marked Price
- Marked Price (MP) before the trade discount is calculated by adding the profit to the cost price.
- Marked Price = Cost Price + Profit = 10,000 + 2,000 = 12,000.
Trade Discount
- A trade discount of 10% is applied on the marked price.
- Trade Discount = 10% of 12,000 = 0.1 * 12,000 = 1,200.
Final Selling Price
- To find the final selling price (SP), subtract the trade discount from the marked price.
- Selling Price = Marked Price - Trade Discount = 12,000 - 1,200 = 10,800.
Summary of the Transaction
- Cost Price: 10,000
- Profit: 2,000
- Marked Price: 12,000
- Trade Discount: 1,200
- Final Selling Price: 10,800
This structured approach clarifies how the selling price is determined through a series of calculations involving profit and discounts.
In this scenario, we are selling goods to a customer, Y, with specific pricing conditions. Let’s break down the calculation of the selling price.
Cost Price
- The cost price (CP) of the goods is 10,000.
Profit Calculation
- A profit of 20% on the cost price is applied.
- Profit = 20% of 10,000 = 0.2 * 10,000 = 2,000.
Calculating Marked Price
- Marked Price (MP) before the trade discount is calculated by adding the profit to the cost price.
- Marked Price = Cost Price + Profit = 10,000 + 2,000 = 12,000.
Trade Discount
- A trade discount of 10% is applied on the marked price.
- Trade Discount = 10% of 12,000 = 0.1 * 12,000 = 1,200.
Final Selling Price
- To find the final selling price (SP), subtract the trade discount from the marked price.
- Selling Price = Marked Price - Trade Discount = 12,000 - 1,200 = 10,800.
Summary of the Transaction
- Cost Price: 10,000
- Profit: 2,000
- Marked Price: 12,000
- Trade Discount: 1,200
- Final Selling Price: 10,800
This structured approach clarifies how the selling price is determined through a series of calculations involving profit and discounts.
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Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.?
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Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.? 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 Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.?.
Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.? 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 Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods to y costing 10000 at 20% profit on cost less 10 %trade discount.?.
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