X of kolkata sends out goods costing Rs 45000 to Y of mumbai at cost + 33 1/3% .1/10th of the goods were lost in transit. 2/3rd of the goods were sold at 20% above IP. . the amount of sale valvewill be
a. 54000
b. 43200
c.60000
d. 36000
sharath shetty
(Taxation Assistant)
(89 Points)
Replied 21 November 2009
Originally posted by :banupriya | ||
" | TELL ME HOW TO DO THESE 2 SUMS THANKS IN ADVANCE |
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Ans for 1st Question is Rs. 43200- & for second question is Rs. 240000/-
kumar shan
(student)
(138 Points)
Replied 21 November 2009
answer for 1st question
45000+1/3*45000=45000+15000=600000
1/10 of 45000=4500-goods lost
45000-4500=40500 remaining goods
2/3 of 40500=27000+1/3 of 27000=36000
2/3 of remaing goods sold at 20% above invoice
36000+7200=43200
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961