Question
L of Lucknow consigned goods costing ` 60,000 to A of Allahabad at an invoice price bearing 331/3 % mark up on the cost price.
L of Lucknow consigned goods costing
`
60,000 to A of Allahabad at an invoice price bearing
331/3 % mark up on the cost price. Goods costing
`
15,000 were damaged in the transit and
the insurance company admitted the claim in full. Expenses incurred by the consignor on
loading and transportation of the goods amounted to
`
1,800. The consignee incurred
`
200 on
cartage and
`
6,000 as Godown Rent and sold 2/3 of the goods received by him at the invoice
price. He is entitled to 5% normal commission and 2.5% del credere commission. Find the value
of goods sold
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started