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Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% trade
discount and paid carriage Rs.500 not to be charged from the customer.
?
discount and paid carriage Rs.500 not to be charged from the customer.
?
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Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on...
Selling Goods to Dinesh:
- The cost of the goods sold is Rs.60,000.
- A profit of 40% on the cost is added to the selling price.
- This means the selling price of the goods will be the cost plus 40% of the cost, which is Rs.60,000 + (40/100) * Rs.60,000 = Rs.60,000 + Rs.24,000 = Rs.84,000.
Trade Discount:
- A trade discount of 20% is given on the selling price.
- This means the discount amount will be 20% of Rs.84,000, which is (20/100) * Rs.84,000 = Rs.16,800.
- The invoice amount after the trade discount will be Rs.84,000 - Rs.16,800 = Rs.67,200.
Carriage Charges:
- Carriage charges of Rs.500 were incurred for delivering the goods.
- However, these charges are not to be charged from the customer.
- Therefore, the total invoice amount remains the same at Rs.67,200.
Summary:
- The goods costing Rs.60,000 were sold to Dinesh.
- A profit of 40% on the cost was added to the selling price.
- A trade discount of 20% was given on the selling price.
- Carriage charges of Rs.500 were incurred but not charged to the customer.
- The final invoice amount for Dinesh is Rs.67,200.
Overall, the seller has made a profit of 40% on the cost and has given a trade discount of 20% to the customer. Additionally, the seller incurred carriage charges of Rs.500 but did not pass them on to the customer. The final invoice amount for Dinesh is Rs.67,200.
- The cost of the goods sold is Rs.60,000.
- A profit of 40% on the cost is added to the selling price.
- This means the selling price of the goods will be the cost plus 40% of the cost, which is Rs.60,000 + (40/100) * Rs.60,000 = Rs.60,000 + Rs.24,000 = Rs.84,000.
Trade Discount:
- A trade discount of 20% is given on the selling price.
- This means the discount amount will be 20% of Rs.84,000, which is (20/100) * Rs.84,000 = Rs.16,800.
- The invoice amount after the trade discount will be Rs.84,000 - Rs.16,800 = Rs.67,200.
Carriage Charges:
- Carriage charges of Rs.500 were incurred for delivering the goods.
- However, these charges are not to be charged from the customer.
- Therefore, the total invoice amount remains the same at Rs.67,200.
Summary:
- The goods costing Rs.60,000 were sold to Dinesh.
- A profit of 40% on the cost was added to the selling price.
- A trade discount of 20% was given on the selling price.
- Carriage charges of Rs.500 were incurred but not charged to the customer.
- The final invoice amount for Dinesh is Rs.67,200.
Overall, the seller has made a profit of 40% on the cost and has given a trade discount of 20% to the customer. Additionally, the seller incurred carriage charges of Rs.500 but did not pass them on to the customer. The final invoice amount for Dinesh is Rs.67,200.
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Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.?
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Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.?.
Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods costing Rs.60, 000 to Dinesh for cash at a profit of 40% on costless 20% tradediscount and paid carriage Rs.500 not to be charged from the customer.?.
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