Calculation of Cost per Bag

In order to calculate the cost per bag, we need to consider the following factors:

1. Total cost of bags of cement sent on consignment
2. Carriage inward cost
3. Normal loss rate

1. Total Cost of Bags of Cement Sent on Consignment

The total cost of bags of cement sent on consignment can be calculated by multiplying the number of bags by the cost per bag.

Number of bags sent on consignment: 5000
Cost per bag: Rs40

Total cost of bags of cement = Number of bags * Cost per bag
= 5000 * Rs40
= Rs200,000

Therefore, the total cost of bags of cement sent on consignment is Rs200,000.

2. Carriage Inward Cost

The carriage inward cost is the cost incurred in transporting the goods from the seller to the buyer. In this case, the carriage inward cost is given as Rs25,000.

3. Normal Loss Rate

The normal loss rate refers to the percentage of goods that are expected to be lost or damaged during transportation. In this case, the normal loss rate is 10%.

Calculation of Cost per Bag

To calculate the cost per bag, we need to consider the total cost of bags of cement sent on consignment, the carriage inward cost, and the normal loss rate.

Total cost of bags of cement sent on consignment: Rs200,000
Carriage inward cost: Rs25,000
Normal loss rate: 10%

Step 1: Deduct the normal loss from the total bags sent on consignment.
Number of bags after normal loss = Number of bags sent on consignment - (Normal loss rate * Number of bags sent on consignment)
= 5000 - (10% * 5000)
= 5000 - (0.1 * 5000)
= 5000 - 500
= 4500 bags

Step 2: Calculate the cost per bag (including carriage inward cost).
Cost per bag = (Total cost of bags of cement sent on consignment + Carriage inward cost) / Number of bags after normal loss
= (Rs200,000 + Rs25,000) / 4500
= Rs225,000 / 4500
= Rs50

Therefore, the cost per bag, including carriage inward cost, is Rs50.

Summary

- The total cost of bags of cement sent on consignment is Rs200,000.
- The carriage inward cost is Rs25,000.
- The normal loss rate is 10%.
- After deducting the normal loss from the total bags sent on consignment, we have 4500 bags remaining.
- The cost per bag, including carriage inward cost, is Rs50.