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Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the customer?
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Good sold to Satya Prakash costing 20000 at profit of 20% on sales les...
Calculation of Cost Price:
Calculation of Trade Discount:
Calculation of Net Amount:
Calculation of Cartage:
Calculation of Amount Payable by the Customer:
Explanation:
The cost price of the good sold to Satya Prakash is Rs. 16666.67. The trade discount of 10% is applied on the cost price, which amounts to Rs. 1666.67. The net amount payable by Satya Prakash is Rs. 15000 after deducting the discount amount from the cost price. The seller charged cartage of Rs. 100, which is to be paid by the customer. Therefore, the total amount payable by Satya Prakash is Rs. 15100.
- Selling Price = Rs. 20000
- Profit on Sales = 20%
- Cost Price = Selling Price / (1 + Profit on Sales%)
- Cost Price = 20000 / (1 + 20/100)
- Cost Price = 16666.67
Calculation of Trade Discount:
- Trade Discount = 10%
- Discount Amount = Cost Price * Trade Discount%
- Discount Amount = 16666.67 * 10/100
- Discount Amount = 1666.67
Calculation of Net Amount:
- Net Amount = Cost Price - Discount Amount
- Net Amount = 16666.67 - 1666.67
- Net Amount = 15000
Calculation of Cartage:
- Cartage = Rs. 100
Calculation of Amount Payable by the Customer:
- Amount Payable by the Customer = Net Amount + Cartage
- Amount Payable by the Customer = 15000 + 100
- Amount Payable by the Customer = Rs. 15100
Explanation:
The cost price of the good sold to Satya Prakash is Rs. 16666.67. The trade discount of 10% is applied on the cost price, which amounts to Rs. 1666.67. The net amount payable by Satya Prakash is Rs. 15000 after deducting the discount amount from the cost price. The seller charged cartage of Rs. 100, which is to be paid by the customer. Therefore, the total amount payable by Satya Prakash is Rs. 15100.
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Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the customer?
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Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the 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 Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the customer? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the customer?.
Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the 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 Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the customer? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Good sold to Satya Prakash costing 20000 at profit of 20% on sales less 10% trade discount and paid cartage of 100 ( to be charged from the customer?.
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