Question

Goods sent to consignment at cost plus $33-1/3\%$. The percentage of loading on invoice price will be ___________.

• A. $25\%$
• B. $33-1/3\%$
• C. $20\%$
• D. None

Answer 1

Answer: (A)

$25\%$

Let us assume the cost to be 100

Then, loading on cost price at 33-1/3% will be 100 x 33-1/3% = 33.33

This means, invoice price = cost price + loading = 100 + 33.33 = 133

Now, percentage of loading on invoice price = {(133.33 - 100) / 133.33} x 100 = 25%.