Question

X of Kolkata sends out goods costing Rs. 80,000 to Y of Mumbai soa s to show 20% profit on invoice value. 3/5th of the goods received by consignee is sold at 5% above invoice price. The amount of sales value will be _________ .

• A. Rs. 63,000
• B. Rs. 60,000
• C. Rs. 50,400
• D. Rs. 40,000

Answer 1

The correct option is A Rs. 63,000

Cost of total stock $=$ $80,000$

Cost of goods sold $=$ $80,000\times \frac{3}{5}$

$=$ $48,000$

Invoice price of goods sold $=$ $48,000+(\frac{20}{100}\times 48,000)$

$=$ $48,000+9600$

$=$ $57,600$

Sale price of goods sold $=$ invoice price $+(\frac{5}{100}\times 48,000)$

$=$ $57,600+(\frac{5}{100}\times 48,000)$

$=$ $57,600+2,400$

$=$ $60,000$.