Question

Goods of the invoice value of Rs. 4,80,000 sent out to consignee at 20% profit on cost. The loading amount will be _____________.

• A. Rs. 80,000
• B. Rs. 96,000
• C. Rs. 1,00,000
• D. None

Answer 1

The correct option is A Rs. 80,000

Calculation of Loading= 480000*100/120= 80000