Question
1. The doddaballapur head office sends goods to its chikkaballapur branch at a profit of 20% on cost. If the head office sends goods
1. The doddaballapur head office sends goods to its chikkaballapur branch at a profit of 20% on cost. If the head office sends goods for Rs 1,20,000, calculate the cost price. 2. Find out the loading which is 25% of invoice price of goods, when the cost of goods is Rs 60,000. 3. Loading is 20% of invoice price. What amount should be transferred to stock reserve account if the invoice price of closing stock is Rs 3,60,000.
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1 Calculating the cost price Goods sent are worth Rs120000 at 20 profit Rs120000 120 100 100 Rs120000 120 Rs100000 which is the cost price 2 Loading cost when cost price of goods is Rs 60000 Invoice price of goods loading price Invoice price cost price profit Rs ...Get Instant Access to Expert-Tailored Solutions
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