Question

X sent out 4,000 boxes costing 100 each with the instruction that sales are to be made at cost +45%. X drew a bill on Y for an amount equivalent to 60% of sales value. The amount of bill will be:

• A. Rs. 3,48,000
• B. Rs. 4,00,000
• C. Rs. 5,80,000
• D. Rs. 2,40,000

Answer 1

Answer: (A)

Rs. 3,48,000

Cost of goods sold = 4000*100

= 400000

Goods are to be sold at 45%+on cost = 400000 + 45%

= 580000

Hence, the amount of bill will be = 580000*60/100

= 348000