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. X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price?
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. X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were s...
Calculation of Cost Price
- Cost of goods sent by X to Y = Rs.2,00,000
- 3/5% of goods were sold by Y for Rs.1,40,000
- Let the cost price of goods sold by Y be x
- 3/5% of total goods = 3/5 * 2,00,000 = Rs.1,20,000
- Therefore, 1,20,000 = x
- Cost price of goods sold by Y = Rs.1,20,000
Calculation of Selling Price and Profit
- Selling price of goods sold by Y = Rs.1,40,000
- Profit = Selling price - Cost price = 1,40,000 - 1,20,000 = Rs.20,000
Calculation of Commission
- Commission rate = 2% on sales
- Commission = 2% of Rs.1,40,000 = 0.02 * 1,40,000 = Rs.2,800
Calculation of Additional Profit
- 20% of goods sold exceeding cost price
- Additional profit = 20% of (1,40,000 - 1,20,000) = 20% of 20,000 = Rs.4,000
Total Profit
- Total profit = Profit + Additional profit + Commission = 20,000 + 4,000 + 2,800 = Rs.26,800
Therefore, the total profit made by Y on the goods sent by X is Rs.26,800.
- Cost of goods sent by X to Y = Rs.2,00,000
- 3/5% of goods were sold by Y for Rs.1,40,000
- Let the cost price of goods sold by Y be x
- 3/5% of total goods = 3/5 * 2,00,000 = Rs.1,20,000
- Therefore, 1,20,000 = x
- Cost price of goods sold by Y = Rs.1,20,000
Calculation of Selling Price and Profit
- Selling price of goods sold by Y = Rs.1,40,000
- Profit = Selling price - Cost price = 1,40,000 - 1,20,000 = Rs.20,000
Calculation of Commission
- Commission rate = 2% on sales
- Commission = 2% of Rs.1,40,000 = 0.02 * 1,40,000 = Rs.2,800
Calculation of Additional Profit
- 20% of goods sold exceeding cost price
- Additional profit = 20% of (1,40,000 - 1,20,000) = 20% of 20,000 = Rs.4,000
Total Profit
- Total profit = Profit + Additional profit + Commission = 20,000 + 4,000 + 2,800 = Rs.26,800
Therefore, the total profit made by Y on the goods sent by X is Rs.26,800.
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. X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price?
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. X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about . X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for . X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price?.
. X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about . X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for . X sends out goods costing Rs.2,00,000 to Y. 3/5% of the goods were sold by consignee for Rs.1, 40.000. Commission is 2% on sales 20% of goods sold exceeding cost price?.
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