Commerce Exam > Commerce Questions > Asends out goods costing 2,00,000 to E. Consi...
Start Learning for Free
Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on?
Most Upvoted Answer
Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Co...
Calculation of Profit on Goods
1. Calculation of Total Cost:
- Cost of goods sent out: 2,00,000
- Consignor's expenses: 5,000
- Total Cost = 2,00,000 + 5,000 = 2,05,000
2. Calculation of Selling Price:
- 4/5 of the goods were sold at 20% above cost
- Selling Price = Cost Price + 20% of Cost Price
= 2,05,000 + 0.2 * 2,05,000
= 2,05,000 + 41,000
= 2,46,000
3. Calculation of Profit:
- Profit = Selling Price - Total Cost
= 2,46,000 - 2,05,000
= 41,000
4. Adjustment for Expenses:
- Consignee's expenses: 3,000
- Net Profit = Profit - Consignee's expenses
= 41,000 - 3,000
= 38,000
Therefore, the profit on the goods after adjusting all expenses is 38,000. The calculation is essential to determine the actual profit earned after considering all costs incurred in the consignment process.
1. Calculation of Total Cost:
- Cost of goods sent out: 2,00,000
- Consignor's expenses: 5,000
- Total Cost = 2,00,000 + 5,000 = 2,05,000
2. Calculation of Selling Price:
- 4/5 of the goods were sold at 20% above cost
- Selling Price = Cost Price + 20% of Cost Price
= 2,05,000 + 0.2 * 2,05,000
= 2,05,000 + 41,000
= 2,46,000
3. Calculation of Profit:
- Profit = Selling Price - Total Cost
= 2,46,000 - 2,05,000
= 41,000
4. Adjustment for Expenses:
- Consignee's expenses: 3,000
- Net Profit = Profit - Consignee's expenses
= 41,000 - 3,000
= 38,000
Therefore, the profit on the goods after adjusting all expenses is 38,000. The calculation is essential to determine the actual profit earned after considering all costs incurred in the consignment process.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on?
Question Description
Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on?.
Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on?.
Solutions for Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? defined & explained in the simplest way possible. Besides giving the explanation of
Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on?, a detailed solution for Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? has been provided alongside types of Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? theory, EduRev gives you an
ample number of questions to practice Asends out goods costing 2,00,000 to E. Consignor's expenses 5,000. Consignee's expenses in relation to sales 3,000. 4/5 of the goods were sold at 20% above cost. The profit on? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce 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