CA Foundation Exam > CA Foundation Questions > A and B enter into a joint venture for purcha...
Start Learning for Free
A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:
- a)Rs. 1,25,000
- b)Rs. 1,50,000
- c)Rs. 1,00,000
- d)Rs. 1,40,000
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
A and B enter into a joint venture for purchase and sale of Type-write...
Cost of Typewriter = 100000+10000+10000=120000
Sold goods on 20% margin on sales price means 25% on cost price.
So, 120000 *25%=30000 Rs. Profit
So Sales Price= Cost Price+Profit
=120000+30000=150000 Rs.
Most Upvoted Answer
A and B enter into a joint venture for purchase and sale of Type-write...
Sales value = Cost price + Repairing expenses + Printing expenses + Margin
Given:
Cost price = Rs. 1,00,000
Repairing expenses = Rs. 10,000
Printing expenses = Rs. 10,000
Margin = 20% of selling price
Let's calculate the sales value step by step:
1. Total expenses
Total expenses = Cost price + Repairing expenses + Printing expenses
Total expenses = Rs. 1,00,000 + Rs. 10,000 + Rs. 10,000
Total expenses = Rs. 1,20,000
2. Selling price
Selling price = Total expenses + Margin
Margin = 20% of selling price
Selling price = Total expenses + (20/100) * Selling price
Selling price - (20/100) * Selling price = Total expenses
(1 - 20/100) * Selling price = Total expenses
(80/100) * Selling price = Total expenses
Selling price = Total expenses / (80/100)
Selling price = Total expenses * (100/80)
Selling price = Rs. 1,20,000 * (100/80)
Selling price = Rs. 1,50,000
Therefore, the sales value of the typewriter will be Rs. 1,50,000, which is option 'B'.
Given:
Cost price = Rs. 1,00,000
Repairing expenses = Rs. 10,000
Printing expenses = Rs. 10,000
Margin = 20% of selling price
Let's calculate the sales value step by step:
1. Total expenses
Total expenses = Cost price + Repairing expenses + Printing expenses
Total expenses = Rs. 1,00,000 + Rs. 10,000 + Rs. 10,000
Total expenses = Rs. 1,20,000
2. Selling price
Selling price = Total expenses + Margin
Margin = 20% of selling price
Selling price = Total expenses + (20/100) * Selling price
Selling price - (20/100) * Selling price = Total expenses
(1 - 20/100) * Selling price = Total expenses
(80/100) * Selling price = Total expenses
Selling price = Total expenses / (80/100)
Selling price = Total expenses * (100/80)
Selling price = Rs. 1,20,000 * (100/80)
Selling price = Rs. 1,50,000
Therefore, the sales value of the typewriter will be Rs. 1,50,000, which is option 'B'.
Free Test
FREE
| Start Free Test |
Community Answer
A and B enter into a joint venture for purchase and sale of Type-write...
Answer will be B we have to add expenses also
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer?
Question Description
A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. 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 A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. 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 A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer?.
A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. 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 A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. 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 A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer?.
Solutions for A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs. 1,00,000. Repairing expenses Rs. 10,000, printing expenses Rs. 10,000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 1,25,000b)Rs. 1,50,000c)Rs. 1,00,000d)Rs. 1,40,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup