Question

A bought goods of the value of Rs$10,000$ and consigned them to B to be sold by them on a joint venture, profits being divided equally. A draws a bill on B for an amount equivalent to $80\%$ of cost on consignment. The amount of bill will be ______________.

• A. Rs$10,000$
• B. Rs$8,000$
• C. Rs$6,000$
• D. Rs$9,000$

Answer 1

The correct option is B Rs$8,000$

Amount of Bill = 80% of cost on consignment = 80% x Rs. 10,000 = Rs. 8,000