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a major partea 2. was burnt to ashes. The stock was covered by policy for Rs 1,00,000 subject to average clause. The records at the
a major partea 2. was burnt to ashes. The stock was covered by policy for Rs 1,00,000 subject to average clause. The records at the office revealed following information: 1. (a) The company sold goods to dealers on one month credit at dealers' price which is catalogue price less A cash discount is allowed @ 5% for immediate payment. (b) The goods are also sold to Agents at catalogue price less 10% against cash payment. (c) Goods are sent to branches at catalogue price 900 (d) Catalogue price is cost + 100%. The Sales/Despatch during period up to date of fire is: (a) Sale to dealer (without cash discount) Rs 3,40,000. (b) Sale to dealer (net of cash discount) Rs 3,23,000. (c) Sale to agents Rs 90,000 (d) Despatch to branches Rs 3,00,000. 3. Stock on 1st January 2002 was Rs 2,50,000 at catalogue price. 4. Purchases at cost from 1st January to 31st March 2002 RS 6,25,000. 5. Salvages stock valued at Rs 45,000. Compute the amount of claim to be lodged. Tom a major partea 2. was burnt to ashes. The stock was covered by policy for Rs 1,00,000 subject to average clause. The records at the office revealed following information: 1. (a) The company sold goods to dealers on one month credit at dealers' price which is catalogue price less A cash discount is allowed @ 5% for immediate payment. (b) The goods are also sold to Agents at catalogue price less 10% against cash payment. (c) Goods are sent to branches at catalogue price 900 (d) Catalogue price is cost + 100%. The Sales/Despatch during period up to date of fire is: (a) Sale to dealer (without cash discount) Rs 3,40,000. (b) Sale to dealer (net of cash discount) Rs 3,23,000. (c) Sale to agents Rs 90,000 (d) Despatch to branches Rs 3,00,000. 3. Stock on 1st January 2002 was Rs 2,50,000 at catalogue price. 4. Purchases at cost from 1st January to 31st March 2002 RS 6,25,000. 5. Salvages stock valued at Rs 45,000. Compute the amount of claim to be lodged. Tom
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