UPSC Exam > UPSC Questions > Sold pesonal investment and invesyrd in busin...
Start Learning for Free
Sold pesonal investment and invesyrd in business Rs .50,000
Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.?
Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.?
Most Upvoted Answer
Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros...
Transaction Overview
Mittal Bros. made a significant investment by purchasing shawls, which is a common business practice to enhance inventory and cater to customer needs.
Purchase Details
Trade and Cash Discounts
Return of Poor Quality Shawls
Final Settlement
Mittal Bros. paid the adjusted amount of Rs. 261,900 within 10 days, thereby availing the cash discount. This transaction exemplifies effective inventory management and financial prudence in leveraging discounts.
Conclusion
This operation not only demonstrates Mittal Bros.'s commitment to quality but also highlights the importance of timely payments in maximizing financial benefits.
Mittal Bros. made a significant investment by purchasing shawls, which is a common business practice to enhance inventory and cater to customer needs.
Purchase Details
- Quantity: 100 shawls
- Unit Price: Rs. 3,000 per shawl
- Total Purchase Value: Rs. 300,000 (100 shawls x Rs. 3,000)
Trade and Cash Discounts
- Trade Discount: 10% on the total purchase value
- Calculation of Trade Discount: Rs. 300,000 x 10% = Rs. 30,000
- Discounted Amount: Rs. 300,000 - Rs. 30,000 = Rs. 270,000
- Cash Discount: 3% if payment is made within 14 days
- Calculation of Cash Discount: Rs. 270,000 x 3% = Rs. 8,100
- Final Amount Payable: Rs. 270,000 - Rs. 8,100 = Rs. 261,900
Return of Poor Quality Shawls
- Returned Shawls: 10 shawls
- Value of Returned Shawls: 10 x Rs. 3,000 = Rs. 30,000
- Adjusted Purchase Value: Rs. 300,000 - Rs. 30,000 = Rs. 270,000
Final Settlement
Mittal Bros. paid the adjusted amount of Rs. 261,900 within 10 days, thereby availing the cash discount. This transaction exemplifies effective inventory management and financial prudence in leveraging discounts.
Conclusion
This operation not only demonstrates Mittal Bros.'s commitment to quality but also highlights the importance of timely payments in maximizing financial benefits.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.?
Question Description
Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.?.
Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.?.
Solutions for Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? defined & explained in the simplest way possible. Besides giving the explanation of
Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.?, a detailed solution for Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? has been provided alongside types of Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? theory, EduRev gives you an
ample number of questions to practice Sold pesonal investment and invesyrd in business Rs .50,000Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount ogle Le and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup