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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 IP. Invoice value of goods send out is:
- a)Rs.300,000
- b)Rs.3,20,000
- c)Rs.180,000
- d)Rs.340,000
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...
To find the invoice value of goods sent out by X of Kolkata to Y of Mumbai, we need to follow the given information step by step. Let's break it down into the key points.
Given information:
- X sends out certain goods to Y at a cost of 25%.
- Y sells 1/2 of the goods received at Rs. 1,76,000 at 10% above the invoice price (IP).
Step 1: Determining the selling price of 1/2 of the goods received by Y
The goods received by Y are sold at a price of Rs. 1,76,000, which is 10% above the invoice price. Let's calculate the invoice price first.
Let the invoice price (IP) be X.
The selling price is 10% above the invoice price, so the selling price is 1.10X.
According to the given information, Y sells 1/2 of the goods received at this selling price, which is Rs. 1,76,000.
So, (1/2)X * 1.10 = Rs. 1,76,000.
Simplifying the equation:
(1/2)X * 1.10 = 1,76,000
(1/2)X = 1,76,000 / 1.10
(1/2)X = 1,60,000
Multiplying both sides by 2:
X = 3,20,000
Step 2: Calculating the invoice value of goods sent out
The invoice value of goods sent out is the cost at which X sends out the goods, which is 25% of the invoice price.
Invoice value = 25% of X
Invoice value = 25/100 * 3,20,000
Invoice value = Rs. 80,000
Therefore, the correct answer is option 'B' - Rs. 3,20,000.
Given information:
- X sends out certain goods to Y at a cost of 25%.
- Y sells 1/2 of the goods received at Rs. 1,76,000 at 10% above the invoice price (IP).
Step 1: Determining the selling price of 1/2 of the goods received by Y
The goods received by Y are sold at a price of Rs. 1,76,000, which is 10% above the invoice price. Let's calculate the invoice price first.
Let the invoice price (IP) be X.
The selling price is 10% above the invoice price, so the selling price is 1.10X.
According to the given information, Y sells 1/2 of the goods received at this selling price, which is Rs. 1,76,000.
So, (1/2)X * 1.10 = Rs. 1,76,000.
Simplifying the equation:
(1/2)X * 1.10 = 1,76,000
(1/2)X = 1,76,000 / 1.10
(1/2)X = 1,60,000
Multiplying both sides by 2:
X = 3,20,000
Step 2: Calculating the invoice value of goods sent out
The invoice value of goods sent out is the cost at which X sends out the goods, which is 25% of the invoice price.
Invoice value = 25% of X
Invoice value = 25/100 * 3,20,000
Invoice value = Rs. 80,000
Therefore, the correct answer is option 'B' - Rs. 3,20,000.
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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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of 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 IP. Invoice value of goods send out is:a)Rs.300,000b)Rs.3,20,000c)Rs.180,000d)Rs.340,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
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