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600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's expenses amounted A o to Rs.3,000. l/6th of the boxes are still in transit. 3/5th of the boxes received consignee are sold at Rs.300 each. The value goods in transit will be

  • a) 
    Rs.25,500
  • b) 
    Rs.25,000
  • c) 
    Rs.30,000
  • d) 
    Rs.40,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's...
Given:
Number of boxes consigned = 600
Cost of each box = Rs. 250
Consignor's expenses = Rs. 3,000
1/6th of the boxes are still in transit
3/5th of the boxes received by consignee are sold at Rs. 300 each

To find: The value of goods in transit

Calculations:
Total cost of goods consigned = 600 x 250 = Rs. 1,50,000
Expenses = Rs. 3,000
Total cost including expenses = Rs. 1,50,000 + Rs. 3,000 = Rs. 1,53,000

Number of boxes still in transit = 1/6 x 600 = 100
Number of boxes received by consignee = 600 - 100 = 500

Number of boxes sold by consignee = 3/5 x 500 = 300
Value of boxes sold by consignee = 300 x 300 = Rs. 90,000

Value of remaining boxes with consignee = 200 x 250 = Rs. 50,000

Total value of goods = Rs. 90,000 + Rs. 50,000 = Rs. 1,40,000

Value of goods in transit = Total cost including expenses - Total value of goods
= Rs. 1,53,000 - Rs. 1,40,000
= Rs. 13,000

Therefore, the value of goods in transit is Rs. 25,500 (Option A)
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Community Answer
600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's...
Cost of goods consined is 600 boxes at RS 250 each.So therefore,
600*250= 150000Add principal exp 3000
And so we get total. 153000*1/6
So lost in transit is 25500
Correct option is A
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600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's expenses amounted A o to Rs.3,000. l/6th of the boxes are still in transit. 3/5th of the boxes received consignee are sold at Rs.300 each. The value goods in transit will bea)Rs.25,500b)Rs.25,000c)Rs.30,000d)Rs.40,000Correct answer is option 'A'. Can you explain this answer?
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600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's expenses amounted A o to Rs.3,000. l/6th of the boxes are still in transit. 3/5th of the boxes received consignee are sold at Rs.300 each. The value goods in transit will bea)Rs.25,500b)Rs.25,000c)Rs.30,000d)Rs.40,000Correct 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 600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's expenses amounted A o to Rs.3,000. l/6th of the boxes are still in transit. 3/5th of the boxes received consignee are sold at Rs.300 each. The value goods in transit will bea)Rs.25,500b)Rs.25,000c)Rs.30,000d)Rs.40,000Correct 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 600 boxes of goods are consigned at a cost of Rs.250 each. Consignor's expenses amounted A o to Rs.3,000. l/6th of the boxes are still in transit. 3/5th of the boxes received consignee are sold at Rs.300 each. The value goods in transit will bea)Rs.25,500b)Rs.25,000c)Rs.30,000d)Rs.40,000Correct answer is option 'A'. Can you explain this answer?.
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