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Company sends 3,000 bales of cotton to its consignee Modi G at a profit of 25% on I.P. The cost price of each bale is1,500. 1,20,000 paid by the consignor of the goods. 1,50,000 paid by way of octroi duty. 300 bales were lost in transit. G informed the consignor that 1,800 bales were sold at 30% above Invoice price.1/4th of remaining stock destroyed in the godown. Calculate stock at end?
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Company sends 3,000 bales of cotton to its consignee Modi G at a profi...
Calculation of Stock at the end:

Given data:
- Number of bales sent by the company to the consignee: 3,000
- Profit on invoice price: 25%
- Cost price of each bale: 1,500
- Amount paid by the consignor: 1,20,000
- Amount paid by way of octroi duty: 1,50,000
- Number of bales lost in transit: 300
- Number of bales sold by the consignee: 1,800
- Markup on the invoice price for the sold bales: 30%
- 1/4th of the remaining stock destroyed in the godown

Step 1: Calculation of Profit:
Profit on the invoice price is given as 25%. Let's calculate the profit amount.
Profit = 25% of Invoice Price = 25/100 * (Cost Price per bale * Number of bales)
= 0.25 * (1,500 * 3,000)
= 0.25 * 4,500,000
= 1,125,000

Step 2: Calculation of Invoice Price:
Invoice Price = Cost Price per bale + Profit per bale
= 1,500 + (Profit / Number of bales)
= 1,500 + (1,125,000 / 3,000)
= 1,500 + 375
= 1,875

Step 3: Calculation of Total Amount paid:
Total Amount paid by the consignor = Amount paid + Octroi Duty
= 1,20,000 + 1,50,000
= 2,70,000

Step 4: Calculation of Unsold Stock:
Unsold Stock = Number of bales sent - Number of bales sold
= 3,000 - 1,800
= 1,200

Step 5: Calculation of Stock Destroyed:
Stock Destroyed = (1/4) * Unsold Stock
= (1/4) * 1,200
= 300

Step 6: Calculation of Stock at the end:
Stock at the end = Unsold Stock - Stock Destroyed
= 1,200 - 300
= 900

Therefore, the stock at the end is 900 bales.

Summary:
- Number of bales sent by the company: 3,000
- Profit on invoice price: 25%
- Cost price of each bale: 1,500
- Amount paid by the consignor: 1,20,000
- Amount paid by way of octroi duty: 1,50,000
- Number of bales lost in transit: 300
- Number of bales sold by the consignee: 1,800
- Markup on the invoice price for the sold bales: 30%
- 1/4th of the remaining stock destroyed in the godown

- Profit = 1,125,000
- Invoice Price = 1,875
- Total Amount paid = 2,70,000
- Unsold
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Company sends 3,000 bales of cotton to its consignee Modi G at a profit of 25% on I.P. The cost price of each bale is1,500. 1,20,000 paid by the consignor of the goods. 1,50,000 paid by way of octroi duty. 300 bales were lost in transit. G informed the consignor that 1,800 bales were sold at 30% above Invoice price.1/4th of remaining stock destroyed in the godown. Calculate stock at end?
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Company sends 3,000 bales of cotton to its consignee Modi G at a profit of 25% on I.P. The cost price of each bale is1,500. 1,20,000 paid by the consignor of the goods. 1,50,000 paid by way of octroi duty. 300 bales were lost in transit. G informed the consignor that 1,800 bales were sold at 30% above Invoice price.1/4th of remaining stock destroyed in the godown. Calculate stock at end? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Company sends 3,000 bales of cotton to its consignee Modi G at a profit of 25% on I.P. The cost price of each bale is1,500. 1,20,000 paid by the consignor of the goods. 1,50,000 paid by way of octroi duty. 300 bales were lost in transit. G informed the consignor that 1,800 bales were sold at 30% above Invoice price.1/4th of remaining stock destroyed in the godown. Calculate stock at end? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Company sends 3,000 bales of cotton to its consignee Modi G at a profit of 25% on I.P. The cost price of each bale is1,500. 1,20,000 paid by the consignor of the goods. 1,50,000 paid by way of octroi duty. 300 bales were lost in transit. G informed the consignor that 1,800 bales were sold at 30% above Invoice price.1/4th of remaining stock destroyed in the godown. Calculate stock at end?.
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