Commerce Exam > Commerce Questions > Sold goods casting 6000to Mohan issued @10% a...
Start Learning for Free
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount?
Most Upvoted Answer
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade di...
Explanation:
To calculate the selling price of the goods sold to Mohan, we need to follow the given steps:
Step 1: Calculate the Cost Price (CP) of the goods
The cost of the goods is given as 6000.
Step 2: Calculate the Selling Price (SP) of the goods
To calculate the selling price, we need to add a markup of 10% to the cost price. The formula to calculate the selling price with a markup percentage is:
SP = CP + (CP * Markup Percentage / 100)
In this case, the markup percentage is 10%. Let's calculate the selling price:
SP = 6000 + (6000 * 10 / 100) = 6000 + 600 = 6600
Step 3: Apply the Trade Discount
To calculate the selling price after the trade discount, we need to subtract the trade discount percentage from the selling price. The formula to calculate the selling price after the trade discount is:
Selling Price after Trade Discount = SP - (SP * Trade Discount Percentage / 100)
In this case, the trade discount is 5%. Let's calculate the selling price after the trade discount:
Selling Price after Trade Discount = 6600 - (6600 * 5 / 100) = 6600 - 330 = 6270
Final Answer:
The selling price of the goods sold to Mohan is Rs. 6270.
To calculate the selling price of the goods sold to Mohan, we need to follow the given steps:
Step 1: Calculate the Cost Price (CP) of the goods
The cost of the goods is given as 6000.
Step 2: Calculate the Selling Price (SP) of the goods
To calculate the selling price, we need to add a markup of 10% to the cost price. The formula to calculate the selling price with a markup percentage is:
SP = CP + (CP * Markup Percentage / 100)
In this case, the markup percentage is 10%. Let's calculate the selling price:
SP = 6000 + (6000 * 10 / 100) = 6000 + 600 = 6600
Step 3: Apply the Trade Discount
To calculate the selling price after the trade discount, we need to subtract the trade discount percentage from the selling price. The formula to calculate the selling price after the trade discount is:
Selling Price after Trade Discount = SP - (SP * Trade Discount Percentage / 100)
In this case, the trade discount is 5%. Let's calculate the selling price after the trade discount:
Selling Price after Trade Discount = 6600 - (6600 * 5 / 100) = 6600 - 330 = 6270
Final Answer:
The selling price of the goods sold to Mohan is Rs. 6270.
Community Answer
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade di...
Profit = 6000×10/100= 600 TD= 6000×5/100= 30 ......... 6000+profit-TD = 6000+600-30 = 6570 The entry is: ... Mohan dr. 6570 ......To sales a/c 6570
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount?
Question Description
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount?.
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount?.
Solutions for Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? defined & explained in the simplest way possible. Besides giving the explanation of
Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount?, a detailed solution for Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? has been provided alongside types of Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? theory, EduRev gives you an
ample number of questions to practice Sold goods casting 6000to Mohan issued @10% above cost less 5%trade discount? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup