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X sends out goods to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..?
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X sends out goods to y , 3,60,000.goods costing are plus to be sold at...
Understanding the Scenario
X is sending goods worth 3,60,000 to Y, and the goods have a specific cost and retail markup. The goal is to determine the advance payment that Y must provide to X.
Cost and Selling Price Calculation
- The cost of the goods is 3,60,000.
- The goods are to be sold at a markup of 251% on sales.
Calculating the Selling Price
- To find the selling price, we need to calculate 251% of the cost.
- Selling Price (SP) = Cost + (Cost * Markup Percentage)
- So, SP = 3,60,000 + (3,60,000 * 2.51)
- This gives us:
SP = 3,60,000 + 9,03,600 = 12,63,600
Advance Payment Calculation
- The consignor (X) has requested an advance payment that is equivalent to 60% of the total value of the goods.
- Advance = 60% of Selling Price
- Advance = 0.60 * 12,63,600
- Advance = 7,57,560
Conclusion
- The advance amount that Y needs to pay to X is 7,57,560.
- This ensures that X has some security for the goods sent on consignment before Y sells them.
X is sending goods worth 3,60,000 to Y, and the goods have a specific cost and retail markup. The goal is to determine the advance payment that Y must provide to X.
Cost and Selling Price Calculation
- The cost of the goods is 3,60,000.
- The goods are to be sold at a markup of 251% on sales.
Calculating the Selling Price
- To find the selling price, we need to calculate 251% of the cost.
- Selling Price (SP) = Cost + (Cost * Markup Percentage)
- So, SP = 3,60,000 + (3,60,000 * 2.51)
- This gives us:
SP = 3,60,000 + 9,03,600 = 12,63,600
Advance Payment Calculation
- The consignor (X) has requested an advance payment that is equivalent to 60% of the total value of the goods.
- Advance = 60% of Selling Price
- Advance = 0.60 * 12,63,600
- Advance = 7,57,560
Conclusion
- The advance amount that Y needs to pay to X is 7,57,560.
- This ensures that X has some security for the goods sent on consignment before Y sells them.
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X sends out goods to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..?
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X sends out goods to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..? 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 to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sends out goods to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..?.
X sends out goods to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..? 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 to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sends out goods to y , 3,60,000.goods costing are plus to be sold at cost 251% on sales . the consignor asked consignee to pay an advance for an amount equivalent to 60% value .the amount of advance will be ..?.
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