Question

Goods costing Rs. $2,00,000$ sent out to consignee at Cost plus $25\%$. Invoice value of the goods will be.

• A. Rs. $2,50,000$
• B. Rs. $2,40,000$
• C. Rs. $3,00,000$
• D. None

Answer 1

The correct option is A Rs. $2,50,000$

Cost of goods = Rs. 2,00,000

Loading on cost = Cost plus 25%

Invoice value of goods = Cost + Loading = Rs. 2,00,000 + (Rs.2,00,00 x 25%) = Rs. 2,00,000 + Rs. 50,000 = Rs 2,50,000