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X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:
- a)Rs.12,000
- b)Rs.17,000
- c)Rs. (3,000)
- d)None
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were ...
Goods sent to delhi:- 200*125 = 25000 sales of goods- 600*120 = 72000 cost of goods sold = 800*100 = 80000 sales = 72000 + 25000 = 97000 profit = rs.17000.
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X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were ...
Correct answer is A because the total cost of 800 boxes 800×100=80000and revenue on sell of 200 boxes 200×125(100+25) =25000+600×120 =72000 =97000gross profit =97000_80000 =17000 i hope now its clear to you
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X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were ...
Given Information:
- Kolkata purchased 1000 boxes costing Rs 100 each.
- 200 boxes were sent out to Delhi at a cost of 25%.
- 600 boxes were sold at Rs 120 each.
Calculation:
1. Cost of 1000 boxes purchased by Kolkata:
Cost per box = Rs 100
Total cost = Rs 100 * 1000 = Rs 100,000
2. Cost of 200 boxes sent to Delhi at 25%:
Cost per box = Rs 100
Cost sent to Delhi = Rs 100 * 200 = Rs 20,000
Cost at 25% = Rs 20,000 * 0.25 = Rs 5,000
3. Remaining boxes with Kolkata:
Remaining boxes = 1000 - 200 = 800
4. Cost of 800 boxes sold by Kolkata:
Cost per box = Rs 100
Cost of 800 boxes = Rs 100 * 800 = Rs 80,000
5. Selling price of 600 boxes sold by Kolkata:
Selling price per box = Rs 120
Selling price of 600 boxes = Rs 120 * 600 = Rs 72,000
6. Gross Profit:
Gross Profit = Selling price - Cost
Gross Profit = Rs 72,000 - (Cost of remaining boxes + Cost sent to Delhi)
Gross Profit = Rs 72,000 - (Rs 80,000 + Rs 5,000)
Gross Profit = Rs 72,000 - Rs 85,000
Gross Profit = -Rs 13,000 (Negative value as the cost is greater than the selling price)
Conclusion:
The amount of gross profit to be recorded in general trading is -Rs 13,000. None of the given options (A, B, C, or D) match the calculated value. Therefore, none of the options is the correct answer.
- Kolkata purchased 1000 boxes costing Rs 100 each.
- 200 boxes were sent out to Delhi at a cost of 25%.
- 600 boxes were sold at Rs 120 each.
Calculation:
1. Cost of 1000 boxes purchased by Kolkata:
Cost per box = Rs 100
Total cost = Rs 100 * 1000 = Rs 100,000
2. Cost of 200 boxes sent to Delhi at 25%:
Cost per box = Rs 100
Cost sent to Delhi = Rs 100 * 200 = Rs 20,000
Cost at 25% = Rs 20,000 * 0.25 = Rs 5,000
3. Remaining boxes with Kolkata:
Remaining boxes = 1000 - 200 = 800
4. Cost of 800 boxes sold by Kolkata:
Cost per box = Rs 100
Cost of 800 boxes = Rs 100 * 800 = Rs 80,000
5. Selling price of 600 boxes sold by Kolkata:
Selling price per box = Rs 120
Selling price of 600 boxes = Rs 120 * 600 = Rs 72,000
6. Gross Profit:
Gross Profit = Selling price - Cost
Gross Profit = Rs 72,000 - (Cost of remaining boxes + Cost sent to Delhi)
Gross Profit = Rs 72,000 - (Rs 80,000 + Rs 5,000)
Gross Profit = Rs 72,000 - Rs 85,000
Gross Profit = -Rs 13,000 (Negative value as the cost is greater than the selling price)
Conclusion:
The amount of gross profit to be recorded in general trading is -Rs 13,000. None of the given options (A, B, C, or D) match the calculated value. Therefore, none of the options is the correct answer.
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X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect answer is option 'A'. Can you explain this answer?
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X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect 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 X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect 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 X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect answer is option 'A'. Can you explain this answer?.
X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect 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 X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect 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 X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect answer is option 'A'. Can you explain this answer?.
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X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of X of Kolkata purchased 1000 boxes costing Rs 100 each. 200 boxes were sent out to Y of Delhi at cost + 25%. 600 boxes were sold at 120 each. The amount of gross profit to be recorded in general trading will be:a)Rs.12,000b)Rs.17,000c)Rs. (3,000)d)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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