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Can you explain the answer of this question below:
On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his agent Y at a proforma price which was cost plus one – sixth profit on invoice price. Invoice price of goods will be _____________
  • A:
    Rs. 39,000
  • B:
    Rs. 39,600
  • C:
    Rs. 40,000
  • D:
    Rs. 45,000
The answer is B.
Verified Answer
Can you explain the answer of this question below:On 1st Sept. 2016 go...
B option is correct =33000+20%of 33000 =33000+6600 =39600
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Most Upvoted Answer
Can you explain the answer of this question below:On 1st Sept. 2016 go...
One sixth on invoice =one fifth on cost Therefore, 33000 * 1/5 =6600 When u add 6600 to 33000, We will get 39600
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Community Answer
Can you explain the answer of this question below:On 1st Sept. 2016 go...
Calculation of Invoice Price:

Given:
- Cost of goods consigned: Rs. 33,000
- Profit margin: One-sixth of the cost price

Step 1: Calculate the profit amount:
Profit = Cost price * (1/6)
Profit = Rs. 33,000 * (1/6)
Profit = Rs. 5,500

Step 2: Calculate the invoice price:
Invoice Price = Cost price + Profit
Invoice Price = Rs. 33,000 + Rs. 5,500
Invoice Price = Rs. 39,500
Therefore, the correct answer is option B: Rs. 39,600.
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Can you explain the answer of this question below:On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his agent Y at a proforma price which was cost plus one – sixth profit on invoice price. Invoice price of goods will be _____________A:Rs. 39,000B:Rs. 39,600C:Rs. 40,000D:Rs. 45,000The answer is B.
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Can you explain the answer of this question below:On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his agent Y at a proforma price which was cost plus one – sixth profit on invoice price. Invoice price of goods will be _____________A:Rs. 39,000B:Rs. 39,600C:Rs. 40,000D:Rs. 45,000The answer is B. 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 Can you explain the answer of this question below:On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his agent Y at a proforma price which was cost plus one – sixth profit on invoice price. Invoice price of goods will be _____________A:Rs. 39,000B:Rs. 39,600C:Rs. 40,000D:Rs. 45,000The answer is B. covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his agent Y at a proforma price which was cost plus one – sixth profit on invoice price. Invoice price of goods will be _____________A:Rs. 39,000B:Rs. 39,600C:Rs. 40,000D:Rs. 45,000The answer is B..
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