1000 kgs of apples are consigned to a wholesaler, the cost being Rs 3 per kg plus Rs 400 of freight , it is known that a loss of 15% is unavoidable. the cost per kg will be
a. rs5
b. rs4
c. rs3.40
d. rs3
L KANAGARAJ
(Assistant Manager-Finance)
(615 Points)
Replied 21 November 2009
The first one is Rs.4/=
because 1000Kg xRs.3=3000, freight Rs. 400 Total Rs.3400
Loss 15% 0f 1000=150 Kgs.
Balance 850Kgs
hence Rs.3400/850 Kgs=Rs.4
correct me if iam wrong.
L KANAGARAJ
(Assistant Manager-Finance)
(615 Points)
Replied 21 November 2009
The second one may be Rs.15,00,000.
1000 box X Rs.2000 = Rs.20,00,000
1/10 of 1000= 100 box
Balance 900 box
2/3rd of 900 box= 600 box
600 box X Rs.2000=12,00,000
25% margin= 12,00,000 *25%= 3,00,000
so the Ans. is Rs.12,00,000+ Rs.3,00,000= Rs.15,00,000.
correct it if iam wrong.
CA. SUDHARSAN K G
(Chartered Accountant)
(472 Points)
Replied 22 November 2009
Q1 | |||||
DESCRIPTION | KGS | AMOUNT | |||
CONSIGNED @ 3 P/KG | 1000 | 3000 | |||
NORMAL LOSS 15% | 150 | ||||
COST | 850 | 3000 | |||
ADD: FREIGHT | 400 | ||||
TOTAL | 850 | 3400 | |||
So, Cost per KG = | 3400 | ||||
850 | |||||
.= Rs. 4 Per KG | |||||
Q2 | |||||
DESCRIPTION | BOXES | AMOUNT | |||
CONSIGNED RS. 2OOO EACH | 1000 | 2000000 | |||
1/10 of goods lost in transit | 100 | 200000 | |||
COST of goods available for sale | 900 | 1800000 | |||
Actual Sales 2/3 @ 25%Margin | 600 | 1500000 | |||
hope you understand the computation |
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