Question

Suresh consigned 2,000 pieces of goods to his agent costing 30 each an invoice price of 20% over cost price. 4/5th of the goods were sold by Agent at a profit margin of 25% on his cost. Sale value of goods will be _________.

• A. $Rs.90,000$
• B. $Rs.60,000$
• C. $Rs.72,000$
• D. $Rs.75,000$

Answer 1

The correct option is C $Rs.72,000$

Goods consigned to agent by suresh = 2000 pieces

Cost of goods consigned = 2000 pieces @ Rs. 30 each = Rs. 60000

Value of goods consigned to agent = Cost + 20% = Rs. 60000 + 20%

= Rs. 72000

Cost of goods consigned for agent = Value of goods consigned to agent for suresh = Rs. 72000

Cost of goods consigned for agent per piece = Rs. 72000 / 2000 pieces

= Rs. 36

Goods sold by agent = 2000 pieces * (4/5) = 1600 pieces

Sales value of goods sold by agent = (1600 Pieces * Rs. 36) + 25%

Sales value of goods sold by agent = Rs. 72000