24 February 2011
49. A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs 100000. Repairing expenses Rs 10000, printing expenses Rs 10000. B sold it at 20% margin on selling price. The sales value will be: (a) Rs.125000 (b) Rs.150000 (c) Rs.100000 (d) Rs.140000
24 February 2011
Cost of Typewriter = 100000+10000+10000=120000 Sold goods on 20% margin on sales price means 25% on cost price. So, 120000 *25%=30000 Rs. Profit So Sales Price= Cost Price+Profit =120000+30000=150000 Rs.
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