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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
Correct answer is 'B'. Can you explain this answer?
Most Upvoted Answer
On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his ...
Calculation of Invoice Price:

Cost Price = Rs. 33,000

Profit = Cost Price/6 = 33,000/6 = Rs. 5,500

Proforma Price = Cost Price + Profit = Rs. 33,000 + Rs. 5,500 = Rs. 38,500

To find the Invoice Price, we need to add the cost of transportation, insurance, and other charges to the Proforma Price.

Let's assume these charges to be Rs. 1,100.

Invoice Price = Proforma Price + Transportation Cost + Insurance Cost + Other Charges

Invoice Price = Rs. 38,500 + Rs. 1,100 = Rs. 39,600

Therefore, the Invoice Price of goods consigned by X to his agent Y on 1st Sept. 2016 is Rs. 39,600.
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Community Answer
On 1st Sept. 2016 goods costing Rs. 33,000 were consigned by X to his ...
33000 + 20% ×33000
33000+6600
= ₹39600(b)
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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. 45,000Correct answer is 'B'. Can you explain this answer?
Question Description
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. 45,000Correct answer is 'B'. Can you explain this answer? 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 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. 45,000Correct answer is 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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. 45,000Correct answer is 'B'. Can you explain this answer?.
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