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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?
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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.
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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?
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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?.
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