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X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:
- a)Rs. 3,00,000
- b)Rs. 3,20,000
- c)Rs. 1,80,000
- d)Rs. 3,40,000
Correct answer is option 'B'. Can you explain this answer?
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X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2...
Given data:
- X of Kolkata sends out certain goods to Y of Mumbai at cost 25%.
- 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price.
To find: Invoice value of goods sends out.
Solution:
Let's assume that X sends out goods worth Rs. 100.
- X sells goods to Y at a cost of 25%, so Y pays Rs. 125 for goods worth Rs. 100.
- Y receives goods worth Rs. 250 (since he received double the amount he paid for).
- Y sells half of the goods at Rs. 1,76,000, which means he sold goods worth Rs. 3,52,000 (since he received double the amount he paid for).
- The selling price is 10% above the invoice price, so the invoice price is 90% of the selling price.
- Therefore, the invoice price of half the goods sold is (90/100) * (3,52,000/2) = Rs. 1,58,400.
Now, we need to find the invoice value of all goods sent out by X.
- We assumed that X sent out goods worth Rs. 100, so the invoice value of all goods sent out is (1/100) * Invoice value of goods sent out = (1/100) * 1,58,400 * 2 = Rs. 3,16,800.
Therefore, the correct option is (B) Rs. 3,20,000.
Note: The above solution assumes that the profit earned by Y on the goods sold is entirely due to the 10% markup on invoice price. In reality, there could be other factors that contribute to the profit earned.
- X of Kolkata sends out certain goods to Y of Mumbai at cost 25%.
- 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price.
To find: Invoice value of goods sends out.
Solution:
Let's assume that X sends out goods worth Rs. 100.
- X sells goods to Y at a cost of 25%, so Y pays Rs. 125 for goods worth Rs. 100.
- Y receives goods worth Rs. 250 (since he received double the amount he paid for).
- Y sells half of the goods at Rs. 1,76,000, which means he sold goods worth Rs. 3,52,000 (since he received double the amount he paid for).
- The selling price is 10% above the invoice price, so the invoice price is 90% of the selling price.
- Therefore, the invoice price of half the goods sold is (90/100) * (3,52,000/2) = Rs. 1,58,400.
Now, we need to find the invoice value of all goods sent out by X.
- We assumed that X sent out goods worth Rs. 100, so the invoice value of all goods sent out is (1/100) * Invoice value of goods sent out = (1/100) * 1,58,400 * 2 = Rs. 3,16,800.
Therefore, the correct option is (B) Rs. 3,20,000.
Note: The above solution assumes that the profit earned by Y on the goods sold is entirely due to the 10% markup on invoice price. In reality, there could be other factors that contribute to the profit earned.
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Community Answer
X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2...
Cost of goods=176000÷110×100 =160000invoice value=160000÷1/2=320000
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X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option 'B'. Can you explain this answer?
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X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option '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 X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option '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 X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option 'B'. Can you explain this answer?.
X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option '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 X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option '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 X of Kolkata sends out certain goods to Y of Mumbai at cost + 25%. 1/2 of the goods received by Y is sold at 1,76,000 at 10% above invoice price. Invoice value of goods sends out is:a)Rs. 3,00,000b)Rs. 3,20,000c)Rs. 1,80,000d)Rs. 3,40,000Correct answer is option 'B'. Can you explain this answer?.
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